Gold fell by Rs. 30 to Rs. 30,700 per 10 grams in the national capital on Tuesday on sustained selling by stockists against declining demand following the end of marriage season. However, silver recovered by Rs. 170 to Rs. 46,100 per kg on increased off take by industrial units. Traders said sustained selling by stockists against falling demand on end of marriage season mainly pulled down gold prices while silver recovered on increased off take by industrial units and coins makers. On the domestic front, gold of 99.9 and 99.5 per cent purity shed Rs. 30 each to Rs. 30,700 and Rs. 30,500 per ten grams, respectively. It had lost Rs. 330 in last two trades. Meanwhile, sovereign found selective buying from retailers and recovered by Rs. 100 to Rs. 25,400 per piece of eight grams. On the other hand, silver ready recovered by Rs. 170 to Rs. 46,100 per kg and weekly-based delivery by Rs. 220 to Rs. 45,900 per kg, after falling Rs. 1,400 in last two sessions. Silver coins held steady at Rs. 86,000 for buying and Rs. 87,000 for selling of 100 pieces.

Source