Silver and gold prices fell in the bullion market on Tuesday on reduced offtake by retailers and stockists amid a weak global trend.
While gold fell by Rs. 70 to Rs. 19,710 per 10 gram, the prices of silver fell by Rs. 100 to Rs. 36,000 per kg on reduced offtake by industrial units and coins makers.
The gold, which had surged to $ 1,349 an ounce in New York Monday evening, fell to $1,339.60 in London this morning.
On the domestic front, gold of 99.9 and 99.5 per cent purity fell by Rs. 70 each to Rs. 19,710 and Rs. 19,610 per 10 gram, respectively. Sovereign price remained unchanged at Rs. 15,850 per piece of eight gram.
In similar fashion, silver ready lost Rs. 100 to Rs. 36,000 per kg and weekly-based delivery by similar margin to Rs. 35,500 per 10 gram, respectively. Silver coins fell by Rs. 100 to Rs. 36,000 for buying and Rs. 36,100 for selling of 100 pieces.
