Both the precious metals, gold and silver extended losses in the national capital on sluggish demand on Monday.

While gold fell by Rs. 130 to Rs. 30,125 per ten grams, silver fell by Rs. 15 to Rs. 54,400 per kg on reduced off-take by jewellers and industrial units.

Traders said sluggish demand due to off-marriage season mainly kept pressure on both gold and silver prices to surrendered further ground.

On the domestic front, gold of 99.9 and 99.5 per cent purity fell further by Rs. 130 each to Rs. 30,125 and Rs. 29,925 per ten grams, respectively.

It had lost Rs. 75 in the previous session. Sovereign remained steady at Rs. 25,300 per piece of eight gram in scattered deals.

In line with a general weak trend, silver ready shed another Rs. 15 to Rs. 54,400 per kg and weekly-based delivery by Rs. 25 to Rs. 54,175 per kg. The white metal had plunged by Rs. 765 in the previous session.

Silver coins held steady at Rs. 82,000 for buying and Rs. 83,000 for selling of 100 pieces in restricted buying.

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