New Delhi, Feb 7 (PTI) Gold prices Thursday declined by Rs 270 to Rs 34,180 per 10 gram at the bullion market in the national capital, according to All India Sarafa Association.Also Read - Viral Video Shows Man Flying in New York’s Times Square, People Are Reminded of Green Goblin | Watch

Silver, however, gained Rs 120 to Rs 41,500 per kg on increased offtake by industrial units and coin makers. Also Read - Alert Indian-Origin Driver Stops Train From Hitting Asian Man Pushed Onto Tracks in New York

Traders said, a weak trend overseas resulted in reduced buying by local jewellers which put pressure on the prices of the yellow metal. Also Read - Indian-Origin Man Charged With Killing, Sexually Abusing His Mom on Mother's Day in New York

Globally, gold traded lower at USD 1,303.94 an ounce, while silver was down at USD 15.63 an ounce in New York.

In the national capital, gold of 99.9 per cent and 99.5 per cent purities fell by Rs 270 each to Rs 34,180 and Rs 34,030 per 10 gram, respectively.

However, sovereign gold held steady at Rs 26,100 per piece of eight gram.

Silver ready rose by Rs 120 to Rs 41,500 per kg, while weekly-based delivery gained Rs 77 to Rs 40,400 per kg.

On other hand, silver coins held flat at Rs 80,000 for buying and Rs 81,000 for selling of 100 pieces.

This is published unedited from the PTI feed.