Silver slipped below Rs 36,000 mark by falling by Rs 320 to Rs 35,750 per kg on reduced offtake by industrial units and coin makers.
Besides, slackened demand from jewellers and retailers too pulled down gold prices to over two-month low, they said.    

Globally, gold fell 0.87 percent to USD 1,107.50 an ounce and silver by 1.28 per cent to 15.06 an ounce in New York in yesterday's trade.
In the national capital, gold of 99.9 percent and 99.5 percent purity slumped by Rs 180 each to Rs 26,250 and Rs 26,100 per 10 grams, respectively, a level last seen on August 17. It had lost Rs 835 in last six days.
Sovereign however remained flat at Rs 22,300 per piece of eight grams in scattered deals.
Meanwhile, Prime Minister Narendra Modi today launched three ambitious schemes to reduce the physical demand for gold and fish out 20,000 tonnes of the precious metal worth USD 800 billion lying idle with households.
The Gold Monetisation Scheme (GMS), 2015 will offer option to resident Indians to deposit their precious metal and earn an interest of up to 2.5 percent; while under the Sovereign Gold Bonds Scheme, investors can earn an interest rate of 2.75 percent per annum by buying paper bonds.


Latest News  from Business News Desk