Mumbai: Gold prices fell by Rs 10 to Rs 28,650 per 10 grams in the national capital on Friday on decline in demand for the metal at prevailing levels, amid a weak global trend and silver continued its rising trend for the third straight day and rose by Rs 300 to Rs 45,300 per kg on sustained buying by coin makers.
Traders said fall in demand at prevailing levels and a weak trend overseas kept pressure on gold prices. Gold in Singapore, which normally sets price trend on the domestic front, traded at $1,316.40 an ounce from $1,316.58 on Thursday.
On the other hand, silver ready gained Rs 300 to Rs 45,300 per kg and weekly-based delivery was up by Rs 120 to Rs 44,650 per kg. The white metal had gained Rs 300 in last two days. Silver coins continued to be traded at previous level of Rs 79,000 for buying and Rs 80,000 for selling of 100 pieces.
Bureau Report
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