Gold prices fell by Rs 75 to Rs 18,525 per ten grams in the national capital today, on emergence of selling by stockists after the metal prices declined in overseas markets.
Silver also weakened by Rs 30 to Rs 28,950 per kg on reduced offtake from industrial units. Trading sentiment turned bearish after gold, tracking decline in metal commodities on fears of an uncertain US economy growth, dropped in global markets.
Gold trade overseas that usually sets a price trend in domestic markets, fell by 0.3 per cent to $1,181.30 an ounce.
Gold with 99.99 purity and 99.5 purity fell by Rs 75 each to Rs 18,525 and Rs 18,425 per ten gram respectively. It was, however, still higher by Rs 125 in the previous trading sessions.
Silver ready also declined by Rs 30 to Rs 28,950 per kg, while weekly-based delivery traded lower by the same margin at Rs 28,660 per kg, in agreement with the general market trend.
However, sovereign remained constant at Rs 14,700 per eight grams piece. Silver coins also stayed on the previous levels of Rs 34,100 for buying and Rs 34,200 for selling of 100 pieces.