Gold and silver prices maintained their declining trend at the bullion market in Mumbai on Friday due to consistent stockists and speculative selling amidst weakness in global market.
Standard gold (99.5 per cent purity) slumped by Rs. 145 per 10 grams to end at Rs. 20,150 from Thursday's closing level of Rs. 20,295.
Pure gold (99.9 per cent purity) dropped by Rs. 155 per 10 grams to finish at Rs. 20,250 per 10 grams as against Rs. 20,405 yesterday.
Silver ready (.999 fineness) plunged by Rs. 745 per kg to close at Rs. 45,175 from overnight closing level of 45,920.
"Gold is losing ground in international market on confident US economic recovery and strong dollar valuation, turning it into a less attractive investment option," traders said.
In global trade, in New York gold for February delivery fell by $2.00 to conclude at $1,371.70 an ounce on the Comex division of NYMEX on Thursday.
Silver for March delivery eased by 7 cents to $29.13 an ounce.
