Snapping its upward trend, gold prices on Thursday declined by ₹70 to ₹34,000 per 10 gram at the bullion market here on subdued demand from jewellers, according to All India Sarafa Association.
Silver, however, advanced by ₹20 to ₹41,350 per kg on increased offtake by industrial units and coin makers.
Traders said, subdued demand from local jewellers put pressure on the prices of the yellow metal but a firm trend overseas helped in reducing the decline.
Globally, gold rose to $1,318.86 an ounce and silver rose to $16.02 an ounce in New York.
In previous three days, gold prices had increased by ₹770.
In the national capital, gold of 99.9% and 99.5% purities reduced by ₹70 each to ₹34,000 and ₹33,850 per 10 gram, respectively.
However, sovereign gold held steady at ₹25,900 per piece of eight gram.
Silver ready rose by ₹20 to ₹41,350 per kg and weekly-based delivery declined by 44 to ₹40,390 per kg.
On the other side, silver coins continued to be traded at previous level of ₹79,000 for buying and ₹80,000 for selling of 100 pieces.
