Gold prices continued to decline at the bullion market here today on sustained offloading by stockists amid subdued local buying driven by bearish international trend.

Silver, also slipped due to heavy sell-off from stockists coupled with reduced industrial support.

Standard gold (99.5 purity) dropped by Rs. 70 per ten grams to close at Rs. 18,325 from overnight closing level of Rs. 18,395.

Pure gold (99.9 purity) fell by a similar margin of Rs. 70 per ten grams to finish at Rs. 18,415 as against Rs. 18,485 yesterday.

Silver ready (.999 fineness) drifted by Rs. 265 per kilo to end at Rs. 29,410 from Rs. 29,675 previously.

In New York, gold for August delivery lost by USD 20.10 or 1.7 per cent to USD 1,188.20 an ounce on the Comex Division of the NYMEX.

September silver down by 57 cents or 3.1 per cent to USD 17.78 an ounce.

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