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Silver prices went down by ₹200 to ₹39,400 per kg at the bullion market today owing to slackened demand from consuming industries at the domestic spot market. On the other hand, gold held steady at ₹31,450 per 10 grams in scattered deals, even as it strengthened overseas.
Traders attributed the slide in silver prices to a reduced offtake by industrial units and coin makers at the local spot market. Globally, gold rose 0.05 per cent to USD 1,320.50 an ounce in Singapore.
In the national capital, silver ready declined by ₹200 to ₹39,400 per kg, while weekly-based delivery advanced by ₹245 to ₹38,760 per kg on speculative buying.
Silver coins, however, continued to be traded at the previous levels of ₹74,000 for buying and ₹75,000 for selling of 100 pieces.
On the other hand, gold of 99.9 per cent and 99.5 per cent purity, ruled flat at ₹31,450 and ₹31,300 per 10 grams, respectively. It had shed ₹50 yesterday.
Sovereign, however, remained steady at ₹24,800 per piece of eight grams.
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