New Delhi, Jan 31 (PTI) Snapping its upward trend, gold prices Thursday declined by Rs 70 to Rs 34,000 per 10 gram at the bullion market here on subdued demand from jewellers, according to All India Sarafa Association.Also Read - Katrina Kaif-Vicky Kaushal Spread Love on New York Streets, Visit Her Fav Eatery - See Viral Pics

Silver, however, advanced by Rs 20 to Rs 41,350 per kg on increased offtake by industrial units and coin makers. Also Read - Forced to Buy M F Husain Painting Worth Rs 2 Crore From Priyanka Gandhi: Yes Bank Co-Founder Rana Kapoor in ED Chargesheet

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. Also Read - Numerous Power Outages Reported From US as Snowstorm Lashes Multiple States

Globally, gold rose to USD 1,318.86 an ounce and silver rose to USD 16.02 an ounce in New York.

In previous three days, gold prices had increased by Rs 770.

In the national capital, gold of 99.9 per cent and 99.5 per cent purities reduced by Rs 70 each to Rs 34,000 and Rs 33,850 per 10 gram, respectively.

However, sovereign gold held steady at Rs 25,900 per piece of eight gram.

Silver ready rose by Rs 20 to Rs 41,350 per kg and weekly-based delivery declined by 44 to Rs 40,390 per kg.

On the other side, silver coins continued to be traded at previous level of Rs 79,000 for buying and Rs 80,000 for selling of 100 pieces. PTI
VHP

This is published unedited from the PTI feed.