However, silver held steady at Rs 42,600 per kg on scattered enquiries from industrial units.

Traders said sustained selling by stockists, triggered by a weakening global trend where gold fell towards a two-month low as investors assessed whether US economy is strong enough for the Federal Reserve to raise rates, kept pressure on gold prices.

Besides, sluggish demand from jewellers and retailers amid strengthening rupee against US dollar, making imports cheaper, dampened gold prices.

Gold in Singapore, which normally sets price trend on the domestic front, lost 0.5 percent to USD 1,274.45 an ounce.

In Delhi, gold of 99.9 and 99.5 percent purity remained under pressure and surrendered another Rs 70 each to Rs 28,030 and Rs 27,830 per 10 grams, respectively. The yellow metal had lost Rs 720 in previous eight sessions.

Sovereign, however, remained steady at Rs 24,600 per piece of eight grams on scattered buying support.

On the other hand, silver ready held steady at Rs 42,600 per kg while weekly-based delivery shed Rs 55 to Rs 41,900 per kg.

Silver coins continued to be traded at last level of Rs 74,000 for buying and Rs 75,000 for selling of 100 pieces.

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