Gold down by Rs 100 on stockists selling; silver up by Rs 200

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Gold down by Rs 100 on stockists selling; silver up by Rs 200
New Delhi, May 21 (PTI) Gold prices fell further by Rs 100 to Rs 29,350 per 10 grams in the national capital today on sustained selling by stockists against falling demand. However, silver found some buying support from industrial units and recovered by Rs 200 to Rs 41,700 per kg.

Traders said continued selling by stockists against slackened demand at prevailing levels mainly kept pressure on gold prices.

In Delhi, gold of 99.9 and 99.5 per cent purity declined by Rs 100 each at Rs 29,350 and Rs 29,150 per 10 grams, respectively. It had lost Rs 130 yesterday. Sovereigns were enquired at last level of Rs 24,900 per piece of eight grams. On the other hand, silver ready recovered by Rs 200 to Rs 41,700 per kg and weekly-based delivery by a similar margin to Rs 41,200 per kg, while silver coins remained unaltered at Rs 79,000 for buying and Rs 80,000 for selling of 100 pieces. Check gold rates here

PTI

Read more about: gold, silver
Story first published: Wednesday, May 21, 2014, 14:50 [IST]
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