New Delhi: Falling for the second straight day, gold prices drifted by Rs 160 to Rs 25,690 at the bullion market, taking negative cues from the overseas markets amid muted demand from jewellers. Silver remained under selling pressure and lost another Rs 200 to Rs 33,500 per kg.
- Globally, gold fell 1.31 percent to USD 1,060.10 an ounce and silver by 1.73 percent to USD 13.65 an ounce in New York in yesterday's trade.
- Moreover, slackened demand from jewellers and retailers due to the end of wedding season dampened sentiment.
- In the national capital, gold of 99.9 percent and 99.5 percent purity plunged by Rs 160 each to Rs 25,690 and Rs 25,540 per 10 grams, respectively.
- Sovereign, however, remained flat at Rs 22,200 per piece of eight grams in limited deals.
- Tracking gold, silver ready dropped Rs 200 to Rs 33,500 per kg and weekly-based delivery by Rs 340 to Rs 33,515.
- Silver coins too plummeted by Rs 1,000 to Rs 47,000 for buying and Rs 48,000 for selling of 100 pieces.
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