Time to buy gold at 19-month low price

New Delhi : Planning to invest money in Gold? Well, current time could be the best time as prices of gold are trading at 19 months low.

Globally, gold fell 1.59 per cent to $1,174.70 an ounce and silver by 4.16 per cent to $14.41 an ounce in New York in yesterday's trade. With decreasing demand from local jewellers and retailers the market is showing a downtrend.

In Delhi, gold of 99.9 per cent and 99.5 per cent purity plunged by Rs 290 each to Rs 30,340 and Rs 30,190 per 10 grams, respectively. Tracking gold, silver ready dropped by Rs 715 to Rs 38,000 per kg and weekly-based delivery by Rs 1,035 to Rs 36,705 per kg.

Silver coins, too, plummeted by Rs 1,000 to Rs 72,000 for buying and Rs 73,000 for selling of 100 pieces.