Gold continued to slide for the fourth straight session by losing Rs 110 to Rs 20,985 per 10 grams on Tuesday, due to sustained selling by stockists influenced by a weakening global trend. However, silver recovered by Rs 250 to Rs 55,600 per kg on low level buying.
The metal had lost Rs 350 in the previous session.
Sentiments remained weak as gold fell in global markets on indications the US economy might be entering a phase of more sustained growth eroded demand for the metal as an alternative investment.
The yellow metal in global markets, which normally sets the price trend on the domestic front, lost 0.2 per cent to $ 1,417 an ounce.
On the domestic front, gold of 99.9 and 99.5 per cent purity fell further by Rs 110 each to Rs 20,985 and Rs 20,865 per 10 grams, respectively. It had lost Rs 40 in the previous trade.
Silver ready recovered by Rs 250 to Rs 55,600 per kg on rising demand among industrial units, while weekly-based delivery held steady at Rs 55,190 per kg.
Silver coins rose by Rs 500 to Rs 59,500 for buying and Rs 60,000 for selling of 100 pieces.
