NEW DELHI: Extending losses for the second straight day, gold prices fell further by Rs 10 to close at Rs 14,820 per ten gram in the bullion market today on selling by stockists influenced by weakening global trend. However, silver attracted brisk buying from speculators and industrial units and rose smartly by Rs 250 to Rs 22,800 per kg. Buying activity in gold remained restricted as metal prices fell for a third day in Asia firming dollar. Marketmen said sustained selling by stockists in line with weakening trend in Asian region mainly led to a fall in gold prices. They said some funds seen shifting from weakening gold to rising equity markets for quick gains, also gave a negative impact on the sentiment. In Asia, gold traded lower 0.6 per cent to 944.65 dollar an ounce and silver by 0.5 per cent to 14.675 dollar an ounce. Standard gold and ornaments lost Rs 10 each at Rs 14,820 and Rs 14,670 per ten gram respectively. However, sovereign remained steady at Rs 12,400 per piece of eight gram. On the other hand, silver ready remained in demand and rose further by Rs 250 to Rs 22,800 per kg and weekly-based delivery by Rs 505 to Rs 23,185 per kg respectively. Silver coins also gained Rs 200 to Rs 29,300 for buying and Rs 29,400 for selling of 100 pieces in line with a firming silver trend.

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