Gold prices fell by Rs 25 to Rs 30,525 per 10 grams in the national capital on Friday on the back of a sluggish demand from jewelers in the domestic market. However, silver prices remained steady at Rs 40,500 per kg from sporadic deals of industrial units and coin makers.
In the national capital, gold of 99.9 and 99.5 per cent purity declined by Rs 25 to Rs 30,525 and Rs 30,375 per 10 gram respectively. There was an increase of Rs 150 on Thursday. However, ginni remained unchanged at Rs 24,700 per eight grams. The price of silver ready remained steady at Rs 40,500 per kg. While weekly-based delivery by speculators rose by Rs 30 to Rs 39,510 per kilogram. Silver coins, however, remained steady at Rs 74,000 for buying and Rs 75,000 for selling of 100 pieces.
Glare in foreign markets.
Globally, gold in Singapore dropped 0.04 per cent to $ 1,290.10 an ounce. Market experts said besides the trend of weakness overseas, the demand for jewellery and retailers at the current level has also affected gold prices in the domestic market.
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