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. 27690.00 (-0.36%)|
|Gold Rate in Mumbai||Rs. 28610.00 (0.07%)|
|Gold Rate in Delhi||Rs. 27950.00 (-0.71%)|
|Gold Rate in Kolkata||Rs. 28670.00 (0%)|
|Gold Rate in Kerala||Rs. 27100.00 (-0.73%)|
|Gold Rate in Bangalore||Rs. 27000.00 (-0.55%)|
|Gold Rate in Hyderabad||Rs. 27640.00 (-0.4%)|