Gold prices on Friday fell by Rs. 60 to Rs. 19,140 per ten gram in bullion market here on selling by stockists at existing higher levels amid weak global trend.

Silver also dropped by Rs. 250 to Rs. 30,400 per kg on reduced offtake by industrial users and coins makers.

Trading sentiment turned somewhat bearish after gold declined in Asia, marketmen said.

Gold in overseas markets, which normally set price trend on the domestic front, fell by 0.3 per cent to 1,233.38 dollar an ounce. The metal had climbed to an eight-week high of 1,244.30 dollar an ounce yesterday.

Gold of 99.9 per cent and gold of 99.5 per cent purity fell by Rs. 60 each to Rs. 19,140 and Rs. 19,040 per 10 gram respectively. Sovereign continued to trade around previous level of Rs 14,900 per piece of eight gram.

In line with a general weakening trend, silver ready which gained Rs. 1,450 in last two trading sessions, declined by Rs. 250 to Rs. 30,400 per kg on reduced industrial offtake.

Keywords: bullion ratesgoldmetal

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