Gold prices fell for the second consecutive day. Silver also fell in the Sarafa Bazar. On Thursday, silver prices fell by Rs 90 and recorded to Rs 38,330 per kg in Delhi's Sarafa Bazar. There is less demand of industrial units and coin makers in silver.
Gold has been cheaper on the second day. On Wednesday, the gold price has been reduced to 100 rupees. Gold today fell by Rs 80 to Rs 32670 per 10 grams in Delhi Sarafra Bazar. Due to poor demand for jewelers, gold rates declined.
According to traders, the international market has also had an impact on gold prices. On the international level, gold prices in New York at $ 1,293.26 an ounce and silver price of $ 15.15 an ounce.
In Delhi, 99.9 percent and 99.5 percent purity fell by Rs 80-80 to Rs 32,670 and Rs 32,500 per 10 grams respectively.
Guineas weighed eight grams of gold and remained at 26,400 rupees per unit.
In the bullion market, silver ready dropped by Rs 90 to Rs 38,330 per kg and weekly-based delivery by Rs 45 to Rs 37,465 per kg. Silver coins continued to be sold at Rs. 80,000 per hundred and selling at Rs. 81,000.
