Gold prices on Wednesday dipped by ₹100 to ₹32,750 per 10 gram in New Delhi on lacklustre demand from jewellers, according to the All India Sarafa Association.
Silver prices, however, advanced by ₹20 to ₹38,420 per kg.
Traders said gain in equities market reduced gold’s safe-haven appeal and sluggish demand from local jewellers weighed on the prices.
In the international market, gold was trading at $1,293.18 an ounce and silver at $15.19 an ounce in New York.
In the national capital, gold of 99.9% purity declined by ₹100 to ₹32,750 per 10 gram, while gold of 99.5% purity fell by ₹120 to ₹32,580 per 10 gram.
Sovereign gold, however, remained unchanged at ₹26,400 per eight gram.
Silver ready rose by ₹20 to ₹38,420 per kg and weekly-based delivery reduced by ₹28 to ₹37,420 per kg.
Silver coins were unchanged at ₹80,000 for buying and ₹81,000 for selling of 100 pieces.
