New Delhi: Gold prices fell by Rs50 to Rs28,660 per ten grams in Delhi bullion market on Thursday on slackened demand from jewellers at current levels amid a weak global trend. However, silver rose by Rs200 to regain Rs45,000 per kg mark, for the first time since 21 March.

Traders said fall in demand from jewellers as well as retailers at prevailing levels amidst a weak global trend on concerns that recent rally is curbing physical buying led to the fall in gold prices.

Gold in London, which normally sets price trend on the domestic front, fell 0.6% to $1,311.65 an ounce.

In Delhi, gold of 99.9 and 99.5% purity fell by Rs50 each to Rs28,660 and Rs28,460 per ten grams, respectively. It had gained Rs85 on Wednesday. Sovereign continued to be traded at Rs24,900 per piece of eight grams in limited deals.

On the other hand, silver ready rose further by Rs200 to Rs45,000 per kg, a level last seen on 21 March. Silver weekly-based delivery went up by Rs310 to Rs44,530 per kg. The white metal had gained Rs100 on Wednesday.

Silver coins, however, remained steady at Rs79,000 for buying and Rs80,000 for selling of 100 pieces.