In the national capital, gold of 99.9 per cent and 99.5 per cent purities dropped by Rs 30 to Rs 32,190 and Rs 32,040 per 10 gram, respectively. Sovereign gold stood steady at Rs 25,000 per 8 gram.
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Gold prices declined by Rs 30 to Rs 32,190 per 10 gram on Saturday due to weak demand from local jewellers. Similarly, silver rates dropped by Rs 200 to Rs 38,400 per kg on sluggish demand from industrial units and coin makers.
Traders said gold prices fell due to decline in wedding season demand.
In the domestic market, silver ready declined by Rs 200 to Rs 38,400 per kg, while weekly-based delivery fell by Rs 76 to Rs 38,054 per kg. Besides, silver coins remained unchanged at Rs 74,000 for buying and Rs 75,000 for selling of 100 pieces.
Globally, gold slipped to $1,238.12 an ounce in New York, while silver held steady at $14.57 an ounce.
Disclaimer
This article is intended for educational purposes only. The views and opinions expressed are those of individual analysts or brokerage firms and do not represent the views of GoldSilverReports.com. Investors are strongly advised to consult certified financial experts before making any investment or trading decisions.
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