Silver prices rose by Rs 130 to Rs 33,700 per kg in the national capital today, on increased offtake by industrial units and coins makers while gold declined by Rs 10 to Rs 19,390 per ten grams on weakening global trend.
Market analysts said emergence of buying by industrial units and silver coins makers mainly pushed up silver prices.
They said fresh selling by stockists at existing higher levels amid weakening global trend mainly led to the decline in gold prices.
Gold in global markets, which normally set a price trend on the domestic front, fell by $2.30 to $1,316.30 an ounce.
Silver ready rose by Rs 130 to Rs 33,700 per kg and weekly-based delivery by Rs 245 to Rs 33,225 per kg. Silver coins also gained Rs 100 to Rs 35,400 for buying and Rs 35,500 for selling of 100 pieces.
On the other hand, gold of 99.9 and 99.5 per cent purity met with resistance at existing higher levels and lost Rs 10 each to Rs 19,390 and Rs 19,290 per ten-grams respectively.
Sovereign was steady at Rs 15,400 per piece of eight grams in limited deals.
