Gold falls by Rs 100

Gold fell by Rs 100 to Rs 31,300 per 10 grams in the national capital Saturday, continuing sixth day of losses on sustained selling by stockists driven by a weakening global trend.

After dropping Rs 1,170 in the previous five days. Gold prices continued its losing streak on stockists selling as gold in overseas markets declined to two-week low.

However, silver snapped two-day falling trend, recovered marginally by Rs 50 to Rs 49,150 per kg on scattered buying.

Traders said sentiment in gold remained bearish on sustained selling by stockists on sluggish at current higher levels.