Bloodbath at bullion hub; gold below Rs 28,000/10 gm
Monday, April 15, 2013 1:46
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The domestic bullion hub witnessed bloodbath and a near-term breakdown with both the precious metals- gold and silver- crashing to multi-year lows on the back of frantic unwinding sparked by global liquidation worries.
The yellow-metal nosedived to touch a one-year low and closed below the Rs 28,000 per 10 gram level as panic-stricken investors and speculators went on a selling spree.
