Gold prices are falling very fast in India today

Gold prices continue to decline to a minimum in India today

In brief: Gold prices today: Stress tests have not caused the flight to safe assets. Prices for the yellow metal is falling ever lower in India today.

World gold prices have led the Indian yellow metal to fall. Gold prices drop to lowest marks in recent months in India today. Gold prices on Friday, July 23 decreased after the publication of the results of stress tests of European banks. As a result of the regular trading session on the New York Mercantile Exchange, NYMEX, the August futures for gold delivery have fallen by 0,7% to $ 1,187.80 per troy ounce.

During the bidding price of gold rose to $ 1,203.90 an ounce. Last week, gold has fallen in price on 0,1%. Gold prices continued to fall throughout the world. September futures for the supply of silver dropped $ 0.02 to $ 18.10 per ounce. The September futures for delivery copper closed at $ 0.02 increase at $ 3.19 per pound. Seven European banks have not passed the stress tests conducted to confirm the stability of the banking system of the EU. In an attempt to calm the jitters among investors about the possible consequences of the influence of the debt crisis in the euro zone countries on the banking system in Europe, bank regulators have attempted to assess how well the 91 banks across Europe will be able to cope with the re-recession. According to the results of testing revealed that in the event of adverse developments in the economy and the fall in the value of government bonds from seven banks capital adequacy ratio of Tier 1 falls below 6%. Meanwhile, the results of stress tests have not caused the flight to safe assets, and gold is against this background cheaper.

Ukrainian Globalist
2010-07-25 13:14, Commodities.

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