PTI, New Delhi :
Gold prices fell by Rs 50 to trade at Rs 27,250 per 10 grams in the bullion market on Saturday on slacking demand from jewellers even as it made gains in overseas market.
Silver, however, attracted increased buying support from industrial units and edged up Rs 50 to Rs 37,900 per kg.
Bullion traders attributed the fall in gold prices to a decline in demand from jewellers as well as retailers at current levels but firming global trend capped the fall.
Globally, gold rose by 0.6 per cent to USD 1,188.90 an ounce and silver by 1 per cent to USD 16.46 an ounce in New York in Friday’s trade.
In the national capital, gold of 99.9 as well as 99.5 per cent purity declined by Rs 50 each to Rs 27,250 and Rs 27,100 per 10 gram respectively. It had gained Rs 70 on Saturday.
Gold prices fell by Rs 50 to trade at Rs 27,250 per 10 grams in the bullion market on Saturday on slacking demand from jewellers even as it made gains in overseas market.
Silver, however, attracted increased buying support from industrial units and edged up Rs 50 to Rs 37,900 per kg.
Bullion traders attributed the fall in gold prices to a decline in demand from jewellers as well as retailers at current levels but firming global trend capped the fall.
Globally, gold rose by 0.6 per cent to USD 1,188.90 an ounce and silver by 1 per cent to USD 16.46 an ounce in New York in Friday’s trade.
In the national capital, gold of 99.9 as well as 99.5 per cent purity declined by Rs 50 each to Rs 27,250 and Rs 27,100 per 10 gram respectively. It had gained Rs 70 on Saturday.
