Gold prices fell by Rs125 to Rs16,815 per 10 gram in the bullion market here today on fresh selling by traders driven by weakening global trend.
Silver rates declined by Rs100 to Rs27,100 per kg.
Marketmen said fresh selling by stockists at existing higher levels amid weakening global trend mainly pulled down both gold and silver prices.
Gold in the US fell back from USD1,106 an ounce to USD1,096 an ounce.
Standard gold and ornaments fell by Rs125 each to Rs16,815 and Rs16,665 per 10 gram respectively. Sovereign lost Rs50 at Rs13,950 per piece of eight gram.
Silver ready and weekly-based delivery declined by Rs100 each to Rs27,100 and Rs26,770 per kg respectively.
In line with a general weakening trend, silver coins also traded lower by Rs100 to Rs33,400 for buying, and Rs33,500 for selling of 100 pieces.
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