Gold prices fell further by Rs. 30 to a fresh low of about two weeks at Rs. 29,820 per 10 gram in the national capital on Saturday, on sustained selling by stockists, amid sluggish demand.
However, silver recovered by Rs. 90 at Rs. 55,050 per kg on some buying by industrial units.
Traders said sustained selling by stockists in the face of sluggish demand mainly kept pressure on gold prices for the second day.
They said, however, some buying by industrial units helped silver prices recover some of the lost ground in the previous session.
In the national capital, gold of 99.9 and 99.5 per cent purity remained under selling pressure and shed another Rs. 30 each at Rs. 29,820 and Rs. 29,620 per 10 grams respectively. It had lost Rs. 200 yesterday. Sovereign held steady at Rs. 25,250 per piece of eight gram in limited deals.
On the other hand, silver ready recovered by Rs. 90 at Rs. 55,050 per kg, and weekly-based delivery by Rs. 270 to Rs. 54,835 per kg. The white metal had declined by Rs. 360 in the previous session.
Silver coins continued to be asked at the last level of Rs. 80,000 for buying, and Rs. 81,000 for selling, per 100 pieces.
