NEW DELHI: Gold prices fell marginally on the bullion market in the capital on Monday as investors channelled their money into the stock market,
while silver prices moved upward on account of the ongoing marriage season.
Gold prices fell marginally by Rs 10 to Rs 12,000 per 10 gram and silver rose by Rs 130 to Rs 17,130.
Gold shed moderate ground as investors were more keen in stocks for quick gains. An adequate supply position further pulled down prices of the yellow metal.
Standard gold and ornaments receded by Rs 10 each at Rs 12,000 and Rs 11,850 per 10 gram, while the sovereign ruled flat at Rs 10,500 per piece of eight gram.
Silver prices spurted on increased buying by stockists and jewellery fabricators to meet the ongoing marriage season demand.
Marketmen said a pick up in demand from stockists and jewellery fabricators due to the ongoing marriage season mainly led to a rise in silver prices.
Silver ready and weekly-based delivery moved up by Rs 130 and Rs 180 to Rs 17,130 each per kg on brisk buying by stockists on the back of a firm global trend, whereas silver added 3.2 per cent to 10.16 dollar an ounce. Its coins held steady at Rs 27,000 for buying and Rs 27,100 for selling of 100 pieces.
