Gold shed Rs. 15 to Rs. 18,125 per ten grams in the capital today on profit selling by stockists amid a weak global trend.

However, silver remained in demand from industrial units and coin manufacturers and rose by Rs. 300 to Rs. 29,300 per kg.

Marketmen said profit-selling by stockists on expectations that the precious metal will lose more ground in the coming days and a weak global trend led to a fall in the gold prices.

They said subdued demand at existing higher levels also influenced the gold prices.

Gold in global markets, which normally sets a price trend on the domestic front, traded marginally lower by USD 1.30 to USD 1,180.70 an ounce.

Gold of 99.99 per cent and 99.5 per cent purity declined further by Rs. 15 each to Rs. 18,125 and Rs. 18,025 per ten grams, respectively. They had lost Rs. 5 in the previous session.

Sovereigns continued to be asked around their previous level of Rs. 14,500 per piece of eight gram.

On the other hand, silver ready remained in demand and surged by Rs. 300 to Rs. 29,300 per kg and weekly-based delivery by Rs. 270 to Rs. 29,065 per kg.

Silver coins continued to rise by Rs. 100 to Rs. 34,300 for buying and Rs. 34,400 for selling of 100 pieces on account of festive demand.

Keywords: bullion report

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