New Delhi: Gold prices retreated from over 3-month highs on Friday by falling Rs180 to Rs27,710 per 10 grams in Delhi bullion market on slackened demand from jewellers and retailers at prevailing levels amid a weak global trend. In addition, appreciating rupee against the dollar that made imports cheaper, weighed on the prices. Bullion traders said besides weak global trend, easing demand from jewellers and retailers at existing levels mainly pulled down precious metal prices. Gold in Singapore, which normally sets price trend on the domestic front, fell by 0.2% to $1,218.95 an ounce. Silver fell 0.5% to $17.37 an ounce. In the national capital, gold of 99.9 and 99.5% purity plunged by Rs180 each to Rs27,710 and Rs27,560 per ten gram, respectively. It had gained Rs640 in last two days. Sovereign, however, held steady at Rs23,900 per piece of eight gram in limited deals. Following gold, silver ready too declined by Rs100 to Rs39,400 per kg but weekly-based delivery advanced by Rs185 to Rs39,635 per kg on speculative buying. Silver coins also supported by Rs1,000 to Rs58,000 for buying and Rs59,000 for selling of 100 pieces.

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