PTI, New Delhi :
Gold prices fell from a 26-month high by plunging Rs 485 to Rs 30,400 at the bullion market Saturday on considerable fall in demand from jewellers at prevailing higher levels amid profit-selling by stockists, even as the metal strengthened overseas.
However, silver continued its upward journey and advanced by Rs 90 to Rs 42,390 per kg on increased offtake by industrial units and coin makers.
Traders said slowdown in buying by jewellers at existing higher levels at domestic markets, mainly led to fall in gold prices.
Besides, some retailers selling old gold further influenced trading sentiment, they added.
Gold prices fell from a 26-month high by plunging Rs 485 to Rs 30,400 at the bullion market Saturday on considerable fall in demand from jewellers at prevailing higher levels amid profit-selling by stockists, even as the metal strengthened overseas.
However, silver continued its upward journey and advanced by Rs 90 to Rs 42,390 per kg on increased offtake by industrial units and coin makers.
Traders said slowdown in buying by jewellers at existing higher levels at domestic markets, mainly led to fall in gold prices.
Besides, some retailers selling old gold further influenced trading sentiment, they added.
