Snapping a 10—day long rising streak, gold prices declined by Rs 25 to Rs 18,965 per 10 grams in the national capital today on profit—selling by stockists at existing higher levels amid weak global cues. However, silver held steady at Rs 29,200 per kg in restricted buying activity from industrial units. Marketmen said profit—selling by stockists and reports of weak global markets mainly led to the fall in gold prices. Gold in global markets, which normally sets a price trend on the domestic front, traded marginally lower by 0.02 per cent to USD 1227.70 an ounce. Gold of 99.9 per cent and 99.5 per cent purity fell by Rs 25 each to Rs 18,965 and Rs 18,865 per ten grams, respectively, while sovereign held steady at Rs 14,800 per piece of eight grams. Silver ready held steady at Rs 29,200 per kg in restricted buying, while silver weekly—based delivery declined by Rs 15 to Rs 28,885 per kg on lack of speculative buying. Meanwhile, silver coins continued to trade on their previous level of Rs 34,500 for buying and Rs 34,600 for selling of 100 pieces.

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