Silver also declined by Rs 200 to Rs 44,600 per kg on lack of buying support from industrial units and coin makers. In Mumbai, gold of 99.9 and 99.5 percent purity dipped by Rs 55 each to Rs 29,880 and Rs 29,730 per ten grams, while silver lost Rs 400 at Rs 45,000 per kg.

Traders said stockists selling on sluggish demand at prevailing higher levels mainly kept pressure on the two commodities.

At the domestic front, gold of 99.9 and 99.5 percent purity fell by Rs 80 each to Rs 29,970 and Rs 29,770 per ten grams, respectively, while sovereign held steady at Rs 25,000 per piece of eight grams.

In a similar fashion, silver ready declined by Rs 200 to Rs 44,600 per kg and weekly-based delivery by Rs 300 to Rs 44,500 per kg.

Silver coins, however, continued to be asked at last level of Rs 85,000 for buying and Rs 86,000 for selling of 100 pieces.

(Agencies)

Latest News  from Business News Desk