Gold Declines On Sluggish Demand; Silver Up On Fresh Buying

New Delhi: Gold prices declined by 200 to 30,160 per ten grams in the national capital on selling by stockists against sluggish demand.

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

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

At the domestic front, gold of 99.9 and 99.5 per cent purity fell by 200 each to 30,160 and 29,960 per ten grams, respectively. Sovereign remained steady at 25,100 per piece of eight grams.

On the other hand, silver ready recovered by 120 to 45,350 per kg and weekly-based delivery by a similar margin to 45,500 per kg.

Silver coins continued to be asked at last level of 85,000 for buying and 86,000 for selling of 100 pieces.

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Source: PTI