Gold, silver fall on weak global cues
Extending losses for the second session, gold prices fell by R100 to R30,730 per ten gram in the national capital on Monday on sustained selling by stockists influenced by a weakening global trend. Silver fell by R470 to R45,930 per kg on lack of buying support from jewellery makers and industrial units. Marketmen said sustained selling by stockists influenced by a weak global trend as US jobs data backed the case for the Federal Reserve to keep on reducing stimulus mainly led to the fall in the precious metals. Gold in Singapore, which normally sets price trend on the domestic front, fell by 0.9% to $1,327.94 an ounce and silver by 1.6% to $20.61 an ounce. On the domestic front, gold of 99.9 and 99.5% purity fell further by R100 each to R30,730 and R30,530 per ten gram, respectively. Silver ready dropped by R470 to R45,930 per kg and weekly-based delivery by R520 to R45,680 per kg. Silver coins plunged by R1,000 to R86,000 for buying and R87,000 for selling of 100 pieces.
Import of Myanmar pigs, pork banned
Prohibitory orders banning import of pigs and pork from Myanmar have been issued by district magistrates of border districts in Mizoram till August fearing fresh incidents of the dreaded porcine reproductive and respiratory syndrome (PRRS) in the state.
Authorities of districts adjoining Myanmar, Champhai, Lunglei, Serchhip, Lawngtlai and Saiha have been instructed to issue prohibitory orders, director of the state animal husbandry and veterinary LB Sailo said.
