Gold prices fell by Rs 35 to Rs 18,665 per 10 grams in the Indian national capital Friday on
sustained selling triggered by a weakening trend in global markets.
Marketmen said sustained selling in tandem with the weakening trend in international markets mainly weighed on the trading sentiment here. The yellow metal had lost Rs 40 in the previous session.
Gold in overseas markets, which normally sets the price trend on the domestic front, declined 0.3 per cent to USD 1,204.65 an ounce.
Sluggish demand from retailers at existing higher levels also put pressure on gold prices, they said.
Gold of 99.9 per cent and 99.5 per cent purity fell by Rs 35 each to Rs 18,665 and Rs 18,565 per ten grams respectively.
However, sovereigns held steady at Rs 14,700 per piece of eight grams in restricted buying.
In line with the general weakening trend, silver ready declined by Rs 25 to Rs 29,375 per kg on lack of buying support, while weekly-based delivery gained Rs 5 to Rs 29,160 per kg.
Meanwhile, silver coins were being traded at the previous level of Rs 34,400 for buying and Rs 34,500 for selling of 100 pieces.