NEW DELHI: Gold prices remained almost flat by falling Rs 10 to Rs 15,250 per 10 gram in the national capital on Thursday. Silver also maintained its last level of Rs 21,800 per kg.
Marketmen said the steep rise in stock markets here as well as in other Asian and European regions advised investors to shift their funds from bullion to equity for quick gains.
A weakening trend in overseas bullion markets further dampened the trading sentiment to some extent.
European and Asian stocks climbed and US index futures advanced on speculation that the worst of the global recession might be over.
Bullion merchants were keeping their fingers crossed before the G-20 summit would release a statement later this evening regarding fresh curbs to check economic slowdown, they added.
Standard gold and ornaments fell by Rs 10 each to Rs 15,250 and Rs 15,100 per 10 gram respectively. Sovereign held unchanged at Rs 12,200 per piece of eight gram.
Silver ready traded at last level at Rs 21,800 per kg and weekly-based delivery fell by Rs 40 to Rs 21,630 per kg.
Silver coins lost Rs 200 to Rs 28,000 for buying and Rs 28,100 for selling of 100 pieces.
