Gold price suffers biggest fall at open today, silver follows suit

Image via WikipediaGold price suffers biggest fall at open today, silver follows suit


NEW DELHI: Gold suffered the steepest single day fall by plunging Rs 1,540 to Rs 25,800 per 10 gm in opening trade here today on panic selling by stockists after a meltdown in global bullion markets.

In Asia, the metal tumbled about USD 124, followed by over USD 100 in the previous session, as equities and other commodities fell on speculation that European governments will struggle to contain the euro zone's debt crisis, threatening global growth.

In Singapore, gold tumbled 124 dollar to USD 1,532.72 an ounce and silver by 9.70 per cent to USD 26.07 an ounce.

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