New Delhi: Gold prices remained steady for the second straight day at Rs27,250 per 10 grams in Delhi bullion market on Tuesday in the absence of any major buying by jewellers as well as retailers.

Traders said restricted buying activity from jewellers and retailers and absence of cues from overseas markets where gold moved in a tight range mainly kept the precious metals steady.

Globally, gold was little changed at $1,184.10 an ounce in London while silver shed 0.18% to $16.24 an ounce.

In the national capital, gold of 99.9% and 99.5% purity moved in a narrow range in scattered deals and settled at last levels of Rs27,250 and Rs27,100 per 10 grams, respectively. Sovereign followed suit and held steady at Rs23,700 per piece of 8 gram.

In line with the general trend, silver ready traded flat at Rs37,800 per kg while weekly-based delivery fell Rs200 to Rs37,740 per kg. Silver coins also continued to be traded at previous close of Rs56,000 for buying and Rs57,000 for selling of 100 pieces.