New Delhi: Gold prices today fell further by
Rs 120 to Rs 30,830 per 10 grams at the local market here
owing to weak demand from jewellers despite a firm trend in
overseas markets.
Gold had dropped by Rs 150 per 10 grams yesterday.
On their hand, silver recovered by Rs 50 to Rs 39,850 per
kg on scattered enquiries from industrial units and coin
makers.
Marketmen said gold dropped due to a weak demand from
local jewellers and retailers but a better trend overseas
limited the slide.
Globally, gold was trading higher by 0.38 per cent to USD
1,331.40 an ounce and silver by 0.59 per cent to USD 17.03 an
ounce in Singapore.
Trading volume remained thin due to diversion of funds by
investors towards soaring equity markets, they said.
In the national capital, gold of 99.9 per cent and 99.5
per cent purity fell by another by Rs 120 each to Rs 30,830
and Rs 30,680 per 10 grams, respectively.
Sovereign, however, remained unaltered at Rs 24,800 per
piece of eight grams.
On the other hand, silver ready recovered by Rs 50 to Rs
39,850 per kg and weekly-based delivery by Rs 30 to Rs 38,990
per kg.
Silver coins continued to be traded at previous level of
Rs 74,000 for buying and Rs 75,000 for selling of 100 pieces. PTI
