 "Gold weakens on sluggish demand; silver remains up")
In a mixed pattern of trading, gold shed Rs 15 to Rs 27,165 per 10 grams at the bullion market today owing to subdued demand from jewellers, while silver strengthened on increased offtake by industrial units.
Silver settled at Rs 37,280 per kg after firming up by Rs 230.
Traders said fall in demand from jewellers and a weak trend in overseas markets mainly led to the fall in gold prices.
Gold in global market that determine price trend on the domestic front was trading 0.32 per cent lower at $1,182.40 an ounce in London.
In the national capital, gold of 99.9 and 99.5 per cent purity were down by Rs 15 each to Rs 27,165 and Rs 27,015 per 10 grams respectively. It had gained Rs 105 yesterday.
Sovereign, however, continued to be asked at last level of Rs 23,300 per piece of eight gram.
On the other hand, silver ready advanced by Rs 230 to Rs 37,280 per kg on increased offtake by industrial units and coin makers. Silver weekly-based delivery also rose by Rs 270 to Rs 36,940 per kg.
Meanwhile, silver coins remained steady at Rs 54,000 for buying and Rs 55,000 for selling of 100 pieces.
Silver settled at Rs 37,280 per kg after firming up by Rs 230.
Traders said fall in demand from jewellers and a weak trend in overseas markets mainly led to the fall in gold prices.
Gold in global market that determine price trend on the domestic front was trading 0.32 per cent lower at $1,182.40 an ounce in London.
In the national capital, gold of 99.9 and 99.5 per cent purity were down by Rs 15 each to Rs 27,165 and Rs 27,015 per 10 grams respectively. It had gained Rs 105 yesterday.
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Sovereign, however, continued to be asked at last level of Rs 23,300 per piece of eight gram.
On the other hand, silver ready advanced by Rs 230 to Rs 37,280 per kg on increased offtake by industrial units and coin makers. Silver weekly-based delivery also rose by Rs 270 to Rs 36,940 per kg.
Meanwhile, silver coins remained steady at Rs 54,000 for buying and Rs 55,000 for selling of 100 pieces.