Gold Silver Reports (GSR) – Silver, too, slumped by Rs 500 to Rs 37,300 per kg owing to reduced demand from industrial units.
Gold prices fell by Rs 200 to Rs 31,750 per 10 grams on Saturday due to tepid demand from local jewellers amid a weak trend overseas.
Globally, gold traded lower at $1,222.74 an ounce and silver was at $14.27 an ounce in New York on Friday.
Market analysts said tepid demand from local jewellers and retailers at the domestic spot market weighed on the prices of the yellow metal.
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In the national capital, gold of 99.9 per cent and 99.5 per cent purity fell by Rs 200 each to Rs 31,750 and Rs 31,600 per 10 grams, respectively. The precious metal had lost Rs 90 on Friday.
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Sovereign, too, fell by Rs 100 to end at Rs 24,700 per piece of eight grams.
Silver coins, however, continued to be traded at the previous level of Rs 73,000 for buying and Rs 74,000 for selling of 100 pieces.
In line with gold, silver ready dropped by Rs 500 to Rs 37,300 per kg and weekly-based delivery shed Rs 486 to reach Rs 36,100 per kg.
