Silver also traded lower by Rs 250 to Rs 38,750 per kg on reduced offtake by industrial users and coin makers.
Marketmen said besides slackened demand from jewllers and retailers at prevailing levels, weak global trend mainly led to the fall in precious metals prices.
Gold in Singapore, which normally set price trend on the domestic front, traded a shade lower at USD 1,222.98 an ounce from USD 1,224.33 on Thursday.
In Delhi, gold of 99.9 and 99.5 percent purity fell by Rs 30 each to Rs 27,370 and Rs 27,170 per ten gram respectively. Sovereign, however, remained steady at Rs 24,200 per piece of eight gram in restricted buying from retailers.
In a similar fashion, silver ready dropped by Rs 250 to Rs 38,750 per kg and weekly-based delivery by Rs 400 to Rs 38,410 per kg.
On the other hand, silver coins continued to be enquired at last level of Rs 68,000 for buying and Rs 69,000 for selling of 100 pieces.
Marketmen said besides slackened demand from jewllers and retailers at prevailing levels, weak global trend mainly led to the fall in precious metals prices.
Gold in Singapore, which normally set price trend on the domestic front, traded a shade lower at USD 1,222.98 an ounce from USD 1,224.33 on Thursday.
In Delhi, gold of 99.9 and 99.5 percent purity fell by Rs 30 each to Rs 27,370 and Rs 27,170 per ten gram respectively. Sovereign, however, remained steady at Rs 24,200 per piece of eight gram in restricted buying from retailers.
In a similar fashion, silver ready dropped by Rs 250 to Rs 38,750 per kg and weekly-based delivery by Rs 400 to Rs 38,410 per kg.
On the other hand, silver coins continued to be enquired at last level of Rs 68,000 for buying and Rs 69,000 for selling of 100 pieces.
Source: India City News and Online Hindi Newspaper
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