Today, after two days of a continuous rise in gold, prices declined. On the other hand, the price of silver has increased. However, silver was getting cheaper since last 2 days. There is less demand for gold in the Sarafa market in Delhi. On Wednesday, silver rose by Rs 20 to Rs 38,420 per kg in the bullion market.
According to the traders, due to the increase in the stock market, there was no keen lean seen over gold. Besides this, local jewelers also have less demand. Today, gold prices fell by Rs 100 to Rs 32,750 per 10 gram in Delhi's Sarafa Bazar. In the last 2 days, the rate of gold rose by Rs 115.
In the international market, New York gold prices fell to $ 1,293.18 an ounce and silver price was $ 15.19 per troy ounce. On the domestic front, 99.9 percent and 99.5 percent purity fell by Rs. 100 and Rs. 120, respectively, to Rs. 32,750 and Rs. 32580 per ten gram respectively.
However, the price of Guineas remained unchanged at Rs 26400 per piece of 8 grams. On the other hand, silver dropped by Rs 20 to Rs 38,420 per kg, while weekly-based delivery fell by Rs 28 to Rs 37,420 per kilogram. Silver coins, however, remained at Rs 80,000 for buying and Rs 81,000 for sale per hundred.
