BT:Gold prices fall for third day, silver prices steady
Gold prices fell for the third trading day in a row, on Monday, losing Rs 45 to Rs 29,605 per 10 grams in the bullion market in New Delhi due to sluggish demand amid a weak trend in overseas markets.
Silver held steady at Rs 52,400 per kg on restricted buying activity. However, silver coins plunged by Rs 2,000 to Rs 60,000 for buying and Rs 61,000 for selling of 100 pieces.
Traders said sentiment in gold remained bearish as the metal decline in global markets on speculation that Europe's debt crisis might strengthen the dollar, curbing demand for the metal as an alternative investment.
