New Delhi: Both the precious metals, gold and silver, fell in the national capital on Friday on sluggish demand at prevailing higher levels and a weak global trend. Gold slipped by Rs25 to Rs27,300 per 10 grams after climbing a three-week high of Rs27,325 on Thursday, while silver fell by Rs220 to Rs41,530 per kg after surging by Rs1,400 in the previous session. Traders said sluggish demand at prevailing higher levels amid a weak global trend as a stronger dollar curbed demand for an mainly led to decline in the precious metals prices. Gold in London, which normally sets the price trend on the domestic front, fell by 0.7% to $1,277.16 an ounce and silver by 1.7% to $19.82 an ounce. Besides, investors shifting their funds from bullion to rising equity markets for quick gains, dampened the sentiment, they said. On the domestic front, gold of 99.9 and 99.5% purity declined by Rs25 each to Rs27,300 and Rs27,100 per 10 grams, respectively. Sovereigns held steady at Rs24,200 per piece of eight grams in limited deals. In line with a general weak trend, silver ready fell by Rs220 to Rs41,530 per kg and weekly-based delivery by Rs170 to Rs41,530 per kg, respectively. Silver coins also dropped by Rs1,000 to Rs79,000 for buying and Rs89,000 for selling of 100 pieces.

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