Gold prices tumbled by Rs 340 to Rs 30,200 per 10 grams in the national capital Saturday on emergence of profit-selling by stockists at existing higher levels.

Silver also fell by Rs 180 to Rs 44,620 per kg on lack of buying support from industrial units and coin makers.

Traders said emergence of profit-selling by stockists at prevailing higher levels mainly kept pressure on gold prices.

They said local demand dried up at current levels and appreciation of rupee against the US dollar also influenced gold.

On the domestic front, gold of 99.9 and 99.5 per cent purity dropped by Rs 340 each to Rs 30,200 and Rs 30,000 per 10 grams. It shed Rs 80 in last two trading sessions.

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