Home >Money >Personal-finance >Gold, silver prices ease on low demand, global cues

New Delhi: Snapping its four-day rising streak, gold prices fell by Rs20 at Rs27,230 per 10 grams in Delhi bullion market on Tuesday due to slackened demand from jewellers and retailers at prevailing levels amid a weak trend overseas.

Traders said apart from easing demand from jewellers and retailers at existing levels, a weak global trend mainly led to the decline in prices of the precious metals.

Gold in Singapore, which normally sets price trend on the domestic front, traded a shade lower at $1,213.21 an ounce from Monday’s $1,214.84 and silver declined 0.3% to $16.93 an ounce.

In the national capital, gold of 99.9 and 99.5% purity declined by Rs20 each at Rs27,230 and Rs27,080 per 10 grams, respectively. The precious metal had gained Rs675 in previous four sessions. The sovereign, however, remained steady at Rs23,700 per piece of eight grams in limited deals.

On the other hand, silver ready dropped by 00 at 8,000 per kg and weekly-based delivery by 90 at 37,890 per kg. Silver coins, however, continued to be traded at last level of 7,000 for buying and 8,000 for selling of 100 pieces.

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