New Delhi, Jun 26 (PTI) Gold prices tumbled Rs 125 to Rs 29,100 per 10 grams today, snapping the two-day climb, hurt by a weak trend overseas amid tapering demand from local jewellers. Also Read - No More Killing Animals? Singapore Becomes First Country to Approve Sale of Lab-Grown Meat
Silver also slipped below the Rs 39,000 mark by falling Rs 125 to Rs 38,950 per kg due to reduced offtake by industrial units and coin makers. Also Read - Woman Who Got COVID-19 During Pregnancy Gives Birth To Baby With Antibodies, Offers New Clues Regarding Infection
Traders said drop in demand from local jewellers and retailers at the domestic spot market was a big drag. Also Read - Indian Worker in Singapore Charged For Violating COVID-19 Guidelines
Globally, gold fell 0.87 per cent to USD 1,245.70 an ounce and silver by 1.17 per cent to USD 16.49 an ounce in Singapore.
In the national capital, gold of 99.9 per cent and 99.5 per cent purity declined by Rs 125 each to Rs 29,100 and Rs 28,950 per 10 grams, respectively. The precious metals had gained Rs 125 in the last two days.
Sovereign, however, remained flat at Rs 24,400 per piece of eight grams.
Following gold, silver ready fell by Rs 125 to Rs 38,950 per kg while weekly-based delivery held steady at Rs 38,485 per kg.
Silver coins, however, continued to be traded at previous level of Rs 72,000 for buying and Rs 73,000 for selling of 100 pieces.
This is published unedited from the PTI feed.