New Delhi: Snapping its two-day rising streak, gold prices fell by Rs20 to Rs30,180 per ten grams in Delhi on Tuesday on selling by stockists at existing higher levels amid a weak global trend.
Silver followed suit and lost Rs350 at Rs44,900 per kg on lack of buying support from industrial units and coin makers.
The two precious metals also fell in Mumbai on fresh wave of selling by stockists. Gold of 99.9 and 99.5% purity fell by Rs60 each to Rs30,110 and Rs29,960 per ten grams and silver lost Rs350 at Rs45,650 per kg.
Traders said selling by stockists in line with a weak global trend led to decline in gold and silver prices.
Gold in Singapore, which normally sets price trend on the domestic front, fell by 0.3% to $1,251.34 an ounce and silver by 0.5% to $20.21 an ounce.
At the domestic front, gold of 99.9 and 99.5% purity declined by Rs20 each to Rs30,180 and Rs29,980 per ten grams, respectively. It had gained Rs230 in last two sessions. Sovereign also moved up by Rs100 to Rs25,100 per piece of eight grams.
In a similar fashion, silver ready dropped by Rs350 to Rs44,900 per kg and weekly-based delivery by Rs380 to Rs44,820 per kg. The white metal had gained Rs650 in the previous two sessions. Silver coins, however, held steady at Rs86,000 for buying and Rs87,000 for selling of 100 pieces in restricted buying.
