New Delhi: Gold prices declined by 30 to 32,190 per 10 gram on Saturday due to weak demand from local jewellers. Similarly, silver rates dropped by 200 to 38,400 per kg on sluggish demand from industrial units and coin makers.

In the national capital, gold of 99.9 per cent and 99.5 per cent purities dropped by 30 to 32,190 and 32,040 per 10 gram, respectively. Sovereign gold stood steady at 25,000 per 8 gram.

Traders said gold prices fell due to decline in wedding season demand.

Globally, gold slipped to $1,238.12 an ounce in New York, while silver held steady at $14.57 an ounce.

In the domestic market, silver ready declined by 200 to 38,400 per kg, while weekly-based delivery fell by 76 to 38,054 per kg. Besides, silver coins remained unchanged at 74,000 for buying and 75,000 for selling of 100 pieces.

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