Snapping its five-day rising streak, gold prices slipped by ₹30 to ₹31,520 per 10 grams at the bullion market on Friday amid slackened demand from jewellers at domestic spot market and a weak trend overseas.

 

However, silver held steady at ₹46,800 per kg in scattered deals from industrial units.


Traders said besides a subdued trend in global market, easing demand from jewellers and retailers at prevailing levels led to fall in gold prices.

 

Globally, gold fell 0.19% to USD 1,334.20 an ounce in Singapore.


In the national capital, gold of 99.9% and 99.5% purity declined by ₹30 each to ₹ 31,520 and ₹31,370 per 10 grams, respectively. The precious metal had gained  ₹550 in the previous five sessions.


Sovereign, however, held steady at ₹24,500 per piece of eight grams.


On the other hand, silver ready held steady at ₹46,800 per kg on scattered support, while weekly-based delivery edged up by ₹35 to ₹47,185 per kg.


Silver coins, however, ruled flat at ₹77,000 for buying and ₹78,000 for selling of 100 pieces.