Gold prices declined by Rs 50 to
Rs 30,450 per 10 grams at the bullion market today on
easing demand from local jewellers and weak global cues.
Silver, however, held steady at Rs 40,000 per kg in
scattered deals.
Bullion traders said apart from a weak trend overseas,
easing demand from local jewellers at domestic spot market,
mainly weighed on gold prices.
Globally, gold fell 0.24 per cent to USD 1,318.80 an
ounce and silver by 0.23 per cent to USD 17.16 an ounce in
New York in yesterday's trade.
In the national capital, gold of 99.9 per cent and 99.5
per cent purity shed Rs 50 each to Rs 30,450 and Rs 30,300 per
10 grams, respectively. It had gained Rs 135 yesterday.
Sovereign, however, remained flat at Rs 24,700 per piece
of eight grams.
On the other hand, silver ready traded at previous level
of Rs 40,000 per kg, while weekly-based delivery edged up by
Rs 50 to Rs 39,250 per kg.
Silver coins, however, remained unaltered at Rs 73,000
for buying and Rs 74,000 for selling of 100 pieces.
