Gold prices on Monday fell by ₹100 to ₹33,620 per 10 gram in the national capital due to subdued demand from local jewellers and a weak trend overseas, according to the All India Sarafa Association.
Silver prices also dropped by ₹10 to ₹38,090 per kg owing to reduced offtake by industrial units and coin makers.
Globally, spot gold was trading lower at $1,333.90 per ounce, while silver was down at $14.85 an ounce in New York.
In the national capital, gold of 99.9% and 99.5% purity declined by ₹100 each to ₹33,620 and ₹33,450 per 10 gm, respectively. The gold price had on Saturday fallen by ₹150 at ₹33,720 per 10 gram.
Traders attributed the decline in gold prices to fall in demand from local jewellers and a weak global trend.
Sovereign gold, however, remained flat at ₹26,800 per eight gram as compared with the previous close.
Silver ready fell by ₹10 to ₹38,090 per kg, whereas, weekly-based delivery rose by ₹81 to ₹37,116 per kg.
Silver coins held flat at ₹80,000 for buying and ₹81,000 for selling of 100 pieces.
