Silver on Monday fell by Rs. 200 to Rs. 54,350 per kg due to reduced offtake by industrial units amid a weak global trend, while gold held steady at Rs. 30,300 per 10 grams in restricted deals.
Traders said reduced offtake by industrial units and coin makers and a weak trend in Singapore, mainly led to the fall in white metal prices in New Delhi.
Gold held steady at record high levels on restricted buying, they added.
On the domestic front, silver ready fell by Rs. 200 to Rs. 54,350 per kg and weekly-based delivery by Rs. 230 to Rs. 54,280 per kg, while silver coins remained steady at Rs. 65,000 for buying and Rs. 66,000 for selling of 100 pieces.
Meanwhile, gold of 99.9 and 99.5 per cent purity held steady at Rs. 30,300 and Rs. 30,160 per 10 grams, respectively.
Sovereigns followed suit and inquired at previous level of Rs. 24,200 per piece of eight grams.