Despite a firming global trend, gold prices on Friday in New Delhi fell by Rs. 130 to Rs. 20,770 per ten gram, on fall in demand at existing higher levels.
However, silver was marginally up by Rs. 20 to Rs. 43,900 per kg on some buying by industrial units.
Trading sentiment in gold remained weak as retailers refrained from purchasing the metal at prevailing higher levels. A better trend in overseas markets, which normally set price trend here, failed to lift the trading sentiment.
On the domestic front, gold of 99.9 per cent purity fell by Rs. 140 to Rs. 20,770 per ten gram. In a similar fashion, gold of 99.5 per cent purity lost Rs. 150 to Rs. 20,650 per ten gram.
However, sovereign was stable at Rs. 16,700 per piece of eight gram for want of buying support.
On the other hand, silver ready found buying support from industrial units and gained by Rs. 20 to trade at Rs. 43,900 per kg, while weekly-based delivery fell by Rs. 110 to Rs. 43,340 per kg.
Silver coins continued to trade around previous levels of Rs. 46,400 for buying and Rs. 46,500 for selling of 100 pieces.
