Gold and silver prices continued their downward march in the national capital today despite firm global trends, due to a sluggish demand from retail customers at existing higher levels.
Gold prices fell by Rs 30 to Rs 20,760 per 10 grams in continuation to a loss of Rs 30 in the previous session. The silver, which had lost Rs 300 yesterday, fell further by Rs 50 to Rs 44,950 per kg.
Market analysts said a firm trend at the international markets, which control the domestic price trend, failed to boost the precious metals' prices on the lack of buying support from retail customers.
Gold advanced by 0.4 per cent to $1,391.02 an ounce in Singapore.
On the domestic front, gold of 99.9 and 99.5 per cent purity remained weak and lost another Rs 30 each to Rs 20,760 and Rs 20,640 per 10 grams, respectively. Sovereign ended flat at Rs 16,800 per piece of eight grams.
In line with a general weakening trend, silver ready declined further by Rs 50 to Rs 44,950 per kg and weekly-based delivery by Rs 135 to Rs 44,450 per kg.
Silver coins also lacked necessary buying support and lost Rs 100 to Rs 49,400 for buying and Rs 49,500 for selling of 100 pieces.