NEW DELHI: Gold prices dipped below 31,000 mark by falling 350 to 30,900 per ten grams after nearly one month in the national capital on Monday on heavy selling by stockists in tandem with a weak global trend.

However, silver found some buying support from industrial units and ended higher by 110 to 49,010 per kg.

Traders said heavy selling by stockists on the back of sluggish demand amid a weak global trend mainly pulled down gold prices.

Gold in Singapore, which normally sets price trend on the domestic front, dropped by 0.4 per cent to $1,283.28 an ounce after data showed that US employers added more jobs than expected which reduced demand for the metal as an alternate investment.

On the domestic front, gold of 99.9 and 99.5 per cent purity plunged by 350 each to 30,900 and Rs 30,700 per 10 grams, respectively.

It had lost 150 in the previous session. Sovereign also shed 100 to 25,000 per piece of eight gram.

On the other hand, silver ready recovered by 110 to 49,010 per kg and weekly-based delivery by 160 to 48,310 per kg.

The white metal had lost 200 in last trade.

Silver coins also spurted by 1,000 to 87,000 for buying and 88,000 for selling of 100 pieces.