Gold drops Rs 250, silver below Rs 41,000/kg

News, Business

New Delhi: Gold prices fell by Rs 250 to trade at Rs 31,200 per 10 grams at the bullion market today due to a slowdown in buying by local jewellers even as the rates of the precious metal strengthened overseas.

Silver too cracked below the Rs 41,000-mark by falling Rs 350 to Rs 40,650 per kg due to reduced offtake by industrial units.