Reduced offtake of precious metals by stockists and jewellers saw gold and silver prices slide in the national capital today amid a weakening trend on the global front. Gold of 99.9 per cent and 99.5 per cent purity fell by Rs 50 each to Rs 18,650 and Rs 18,550 per ten grams, respectively. Sovereigns also lost Rs 25 to Rs 14,675 per piece of eight grams. Silver followed suit and fell by Rs 50 to Rs 29,000 per kg on reduced offtake by industrial units, while weekly-based delivery prices dipped by Rs 100 to Rs 28,765 per kg on reduced offtake by speculators. Silver coins continue to be traded at the previous level of Rs 34,100 for buying and Rs 34,200 for selling of 100 pieces in limited deals. Marketmen said buying activity has witnessed a slowdown because the marriage season is over and there is still time for the festival season. Furthermore, retail buyers have abstained from buying at the existing higher levels for gold and silver. Meanwhile, the price of gold in New York markets, which normally sets the price trend on the domestic front, fell as demand for the precious metal as an investment haven slackened on signs of a recovery in the global economy. Other Stories - Markets rebound to end in green - Turmeric declines on profit-booking - Sugar softens on ample supply - Jeera futures up on spot demand, thin arrivals - Select copra rises on better offtake More Tags : Gold | silver prices Read Business news in Advertisements Save over 5% on fuel with IndianOil Citibank credit card. Hurry, Apply!. File your Tax Returns for just Rs.149 only Win a FREE Kindle. Click here to know more Click here to visit Business Standard SME Buzz Required telecallers in Mumbai full time or part time... Overcome IT challenges & exceed business expectations with a simple click GiftwithLove.com: Same Day Delivery of Flowers/ Cake/Gift in India

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