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In Delhi, Gold declines on sluggish demand; Silver up on fresh buying

Gold declines on sluggish demand; silver up on fresh buying

The prices of gold declined by Rs 200 to Rs 30,160 per ten grams in Delhi today on stockists selling against by weak demand.

However, silver has found some support buying lowest level and retaken by Rs 120 to Rs 45,350 per kg. It had lost Rs 270 in the previous two sessions.

Traders said selling stockholders against sluggish demand mainly led to decline in gold prices.

Domestically, gold of 99.9 and 99.5 percent purity declined by Rs 200 each to Rs 30,160 and Rs 29,960 per ten grams respectively. Sovereign remained stable at Rs 25,100 per piece of eight grams.

Moreover, the silver recovered ready Rs 120 to 45,350 per kg, and weekly based delivery by a similar margin Rs 45,500 per kg.

The silver coins continued to be asked at the last stage of Rs 85,000 for buying and Rs 86,000 for selling of 100 pieces.

Reported News Source : PTI Economic Times India

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