New Delhi, (Agency): Gold fell further by Rs 120 to Rs 20,250 per 10 grams on the bullion market on sustained selling by stockists in line with a weak trend in global markets.

However, silver advanced by Rs 200 to Rs 44,000 per kg on increased offtake by industrial units and jewellery manufacturers.

Market analysts said sustained selling by stockists in tandem with weakening global trend mainly helped gold prices to trade lower.

The gold in global markets, which normally set a price trend on the domestic front, declined by USD 5.90 to USD 1336 an ounce.

Retail customers refrained from purchasing gold at prevailing higher levels and shifting of funds from weakening bullion to rising equities also reduced the metal prices, they said.

Increased offtake by industrial units and coin makers mainly pushed up silver prices, they added.

On the domestic front, gold of 99.9 and 99.5 per cent purity fell by Rs 120 each to Rs 2, 250 and Rs 20,130 per kg. The metal had lost Rs 30 in the previous session.

Sovereign, continued to be asked at previous level of Rs 16,750 per piece of eight grams in restricted trade.

On the other hand, silver remained in industrial units demand and advanced by Rs 200 to Rs 44,000 per kg. It spurted by Rs 2,100 in last three trading sessions.
 
Silver weekly-based delivery also strengthened by Rs 180 to Rs 43,670 per kg on speculator's support.

However, silver coins remained stable at Rs 48,500 for buying and Rs 48,600 for selling of 100 pieces.