New Delhi: Snapping its two-day rising trend, gold fell by Rs325 to Rs28,190 per ten grams and silver by Rs490 to Rs44,200 per kg in New Delhi on Wednesday on reduced offtake by jewellers and industrial units. Sentiment turned bearish after gold traded near the lowest price in more than two weeks at global markets on speculation that central banks will refrain from adding more stimulus to bolster global growth. Gold in Singapore, which normally sets price trend on the domestic front, dropped 0.3% to $1,374.81 an ounce. Prices had touched $1,366.19 on Wednesday, the lowest since 23 May. A sharp recovery in rupee against the dollar also influenced the sentiment as investors felt this would bring down the landing cost while importing precious metals. On the domestic front, gold of 99.9 and 99.5% purity plunged by Rs325 each to Rs28,190 and Rs27,990 per ten grams, respectively.The yellow metal had gained Rs515 in last two session. Sovereign followed suit and shed Rs100 at Rs24,300 per piece of eight gram. In line with a general weak trend, silver ready fell by Rs490 to Rs44,200 per kg and weekly-based delivery by Rs550 to Rs43,490 per kg. The white metal had gained Rs1090 in the previous two sessions. Silver coins, however, held steady at Rs79,000 for buying and Rs80,000 for selling of 100 pieces.

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