NEW DELHI: Gold prices fell by Rs 100 at Rs 15,100 per 10 gram in the bullion market here, while silver declined by Rs 200 to Rs 23,400 per kg on
hectic selling by stockists, triggered by weakening global cues.
Marketmen said aggressive selling and restricted buying by retail customers at the existing higher levels mainly influenced the trading sentiment here.
They said selling pressure gathered movement as gold fell to the lowest level this month in London as the dollar strengthened against major currencies, curbing the metal's appeal as an alternative investment.
Gold slipped by 10.67 dollar to 937.88 dollar an ounce, the lowest price since July 31, in London.
Silver ready plunged by Rs 200 to Rs 23,400 per kg and weekly-based delivery by Rs 720 to Rs 23,470 per kg. However, silver coins were ruling around previous levels of Rs 29,900 for buying and Rs 30,000 for selling of 100 pieces.
Standard gold and ornaments fell by Rs 100 each to Rs 15,100 and Rs 14,950 per 10 gram, respectively, but sovereign continued to be asked around previous level of Rs 12,500 per piece of eight gram.
