Rs 27,070 per 10 grams at the bullion market yesterday due to
sluggish demand from jewellers amid a weakening trend
overseas.
Silver followed suit and traded lower by Rs 135 to Rs
36,750 per kg on reduced offtake by industrial units and coin
makers.
Traders said apart from low demand from jewellers and
retailers, a weakening global trend mainly kept precious
metals under pressure.
Gold in London, which normally sets price trend on the
domestic front, fell by 0.87 per cent to USD 1,193.40 an ounce
and silver was down by 1.01 per cent to USD 16.11 an ounce.
In the national capital, gold of 99.9 and 99.5 per cent
purity fell by Rs 120 each to Rs 27,070 and Rs 26,870 per 10
grams, respectively.
It had lost Rs 95 in last two sessions.
Sovereign also eased by Rs 100 to Rs 23,600 per piece of
eight grams.
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