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Gold falls by Rs 200 to trade at one-week low at bullion market

Continuing downward spiral for the second straight session, silver prices on Friday tumbled by Rs 775 to Rs 45,200 per kg at the bullion market, tracking a weak trend overseas amid poor offtake by domestic industrial units.

Gold continued to head downhill to trade at a 2-week low of Rs 30,550 per 10 grams by plunging Rs 200 on Monday, in sync with a weak global market.
Gold imports plunged by 38.54 per cent to $1.2 billion in June while inbound shipments of silver fell by more than a quarter in the month.