Gold prices continued to slide by losing another Rs 150 to close at Rs 15,225 per ten gram in the bullion market here on sustained selling by stockists in tandem with weakening global trend.
Selling pressure gathered momomentum as metal in overseas markets dipped below $900 an ounce on emergence of profit selling by funds.
Marketmen said increased selling by stockists amid report of weakening trend in global market mainly pulled down gold prices.
They said buying was almost negligible due to the end of marriage season which dampened trading sentiment to some extent.
Standard gold and ornaments fell further by Rs 150 each to Rs 15,225 and Rs 15,075 per ten gram respectively. Sovereign shed Rs 50 at Rs 12,350 in line with gold trend.
In a similar fashion, silver ready declined by Rs 100 to Rs 21,700 per kg and weekly-based delivery by 390 to Rs 22,070 per kg. Silver coins lost Rs 100 at Rs 28,300 for buying and Rs 28,400 for selling of 100 pieces.
