New Delhi, Jan 17 (PTI) Snapping the four-day rally, gold prices Friday witnessed a fall of Rs 80 to Rs 33,220 per 10 gram at the bullion market in the national capital on sluggish demand from jewellers, according to the All India Sarafa Association. Also Read - New York to London in 4 Hours On a Plane That Travels Faster Than Speed of Sound? Tantalizing Possibility
Silver, however, advanced by Rs 180 to Rs 40,380 per kg on increased demand from industrial units and coin makers. Also Read - 70-Year-Old Man Collapses, Dies Just 25 Mins After Taking Covid-19 Vaccine; Exact Reason Unclear
Traders attributed the decline to subdued demand from local jewellers and weak trend overseas. Also Read - New York: Indian-Origin Man Kills Daughter, Mother-In-Law In Double Murder-Suicide
Globally, gold traded lower at USD 1,291.89 an ounce and silver stood steady at USD 15.58 an ounce in New York In the national capital, gold of 99.9 per cent and 99.5 per cent purities reduced by Rs 80 each to Rs 33,220 per 10 grams and Rs 33,070 per 10 gram, respectively. In the past four days, gold prices had gone up by Rs 425.
Sovereign gold held steady at Rs 25,500 per piece of eight gram.
Silver ready gained by Rs 180 to Rs 40,380 per kg, while weekly-based delivery dropped Rs 110 to Rs 39,580 per kg.
Silver coins, however, held flat at Rs 77,000 for buying and Rs 78,000 for selling of 100 pieces.
This is published unedited from the PTI feed.