NEW DELHI: Gold prices on Wednesday fell by Rs 60 to Rs 16,740 per 10 gram in the bullion market as stockists sold the precious metal following weak global trend.
Silver plunged by Rs 500 to Rs 26,700 per kg on reduced offtake by industrial units and coins makers.
Marketmen said trading sentiment in gold turned bearish as the precious metal fell by 0.4 per cent to 1,093.11 dollar an ounce in London.
They said a brief break in marriage season mainly advised stockists to reduce their holdings.
Standard gold and ornaments fell by Rs 60 each to Rs 16,740 and Rs 16,590 per 10 gram respectively while sovereign remained steady at Rs 14,000 per piece of eight gram.
Silver ready dropped by Rs 500 to Rs 26,700 per kg and weekly-based delivery by Rs 450 to Rs 26,400 per kg. However, silver coins continued to be asked at previous levels of Rs 33,600 for buying and Rs 33,700 for selling of 100 pieces.
