- Silver also followed suit and plunged by Rs 600 to Rs 36,600 per kg on reduced off-take by industrial units and coin makers.
- Bullion traders said a weak trend overseas as the dollar ticked up and European shares extended their rally, reducing appeal of the precious metals, weighed on the prices.
- Besides, a fall in demand from jewellers in domestic spot market resulted in the slide.
- Globally, gold fell 0.88 percent to USD 1,221.80 an ounce in New York yesterday, while silver fell 2.85 percent to USD 14.67 an ounce.
- In the national capital, gold of 99.9 and 99.5 percent purity fell by Rs 40 each to Rs 29,250 and Rs 29,100 per ten grams respectively.
- It had gained Rs 190 in the previous two sessions.
- Sovereign, however, remained steady at Rs 23,000 per piece of eight grams in limited deals.
- Tracking gold, silver ready lost Rs 600 to Rs 36,600 per kg and weekly-based delivery by Rs 815 to Rs 36,250 per kg.
- Silver coins fell by Rs 1,000 to trade at Rs 54,000 for buying and Rs 55,000 for selling of 100 pieces.
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