New Delhi: Gold fell by Rs30 to Rs30,170 per ten grams in the Delhi on Thursday due to slackened demand at prevailing higher levels amid a weak global trend. However, silver held steady at Rs44,500 per kg on lack of buying support from industrial units and coin makers.
A similar trend was witnessed in Mumbai as gold declined on fresh selling while silver held steady in limited deals. Gold of 99.9 and 99.5% purity traded lower by Rs105 each to Rs29,925 and Rs29,775 per ten grams but silver remained unchanged at Rs45,250 per kg.
Traders said besides sluggish demand at prevailing higher levels, weak global trend where gold dropped to a two-week low, mainly led to the fall in gold prices.
Gold in Singapore, which normally sets price trend at the domestic front, fell by 0.4% to $1,231.85 an ounce, the lowest level since 10 January.
At the domestic front, gold of 99.9 and 99.5% purity fell by Rs30 each to Rs30,170 and Rs29,970 per ten grams, respectively, while sovereign remained steady at Rs25,100 per piece of eight grams.
On the other hand, silver ready held steady at Rs44,500 per kg while weekly-based delivery declined by Rs120 to Rs44,250 per kg on lack of buying support by speculators.
Silver coins remained flat at Rs86,000 for buying and Rs87,000 for selling of 100 pieces.
