NEW DELHI: Silver and gold prices fell in the bullion market on Tuesday on reduced offtake by retailers and stockists amid a weak global trend.
While the gold fell by Rs 70 to Rs 19,710 per ten gram, the prices of silver fell by Rs 100 to Rs 36,000 per kg on reduced offtake by industrial units and coins makers.
The gold, which had surged to USD 1,349 an ounce in New York last evening, fell to USD 1,339.60 in London this morning.
On the domestic front, the gold of 99.9 and 99.5 per cent purity fell by Rs 70 each at Rs 19,710 and Rs 19,610 per ten gram, respectively. Sovereign price remained unchanged at Rs 15,850 per piece of eight gram.
In similar fashion, silver ready lost Rs 100 to Rs 36,000 per kg and weekly-based delivery by similar margin to Rs 35,500 per ten gram, respectively. Silver coins fell by Rs 100 to Rs 36,000 for buying and Rs 36,100 for selling of 100 pieces.
