Continued its falling streak, gold prices declined by Rs. 20 to Rs. 27,200 per ten gram in the national capital on Tuesday owing to slackened demand amid a weak global trend.
However, silver moved up by Rs. 350 to Rs. 40,700 per kg on increased off-take by industrial units and coin makers.
Traders said sentiments remain weak on falling demand from jewellers amid a weakening trend overseas, where gold fell after signs of improving U.S. economy drove advances in the dollar and equities, eroding demand for a safe haven.
Gold in Singapore, which normally sets price trend on the domestic front, traded at $1,243.09 an ounce from 1,243.93 on Monday.
In Delhi, gold of 99.9 and 99.5 per cent purity fell by another Rs. 20 each to trade at Rs. 27,200 and Rs. 27,000 per ten gram respectively, while sovereign was unaltered at Rs. 24,400 per piece of 8 gram.
On the other hand, silver ready rose by Rs. 350 to Rs. 40,700 per kg and weekly-based delivery by Rs. 330 to Rs. 39,830 per kg. Silver coins continued to be asked at previous level of Rs. 75,000 for buying and Rs. 76,000 for selling of 100 pieces.
