Gold and silver prices tumbled to their lowest in nearly three years on Wednesday as investors liquidated precious metals after well-received U.S. data fuelled fears the Federal Reserve would rein in its ultra-loose monetary policy.
Spot gold slid to its lowest since September 2010 at $1,233.05 an ounce and was down 3.1 percent at $1,237.36 an ounce at 0807 GMT. U.S. gold futures for August delivery were down $37.90 an ounce at $1,237.20.
Silver hit its lowest since August 2010 at $18.55 an ounce and was down 4.4 percent at $18.81 an ounce.
|Gold Rate in Chennai||Rs. 29820.00 (0.57%)|
|Gold Rate in Mumbai||Rs. 30500.00 (0.16%)|
|Gold Rate in Delhi||Rs. 30300.00 (0%)|
|Gold Rate in Kolkata||Rs. 30570.00 (0.33%)|
|Gold Rate in Kerala||Rs. 28880.00 (0.28%)|
|Gold Rate in Bangalore||Rs. 29100.00 (-0.14%)|
|Gold Rate in Hyderabad||Rs. 29650.00 (0%)|