Gold prices declined modestly on Saturday after a two-session rally at the domestic bullion market due to reduced offtake from stockists and jewellers. On the other hand, silver maintained its strong momentum and reclaimed the key Rs.43,000 a kg level to close at nearly two-month high, driven by aggressive speculative demand amid global support. Standard gold of 99.5 per cent purity moved down by Rs.45 to Rs.28,540 (10 gm) from Rs.28,585.
Silver ready (.999 fineness) shot up by Rs.430 to Rs.43,290 a kg compared to overnight close of Rs.42,860. — PTI