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Gold prices fell Rs 135 to Rs 27,200 per 10 grams at the bullion market on Friday owing to slack demand from jewellers and retailers at prevailing levels even as the metal firmed up in global markets.
In This Pic : Gold falls on muted demand
Pic Courtesy : BCCL
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However, silver recovered by Rs 385 to Rs 37,285 per kg on increased offtake by industrial units and coin makers.
In This Pic : Gold falls on muted demand
Pic Courtesy : BCCL
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Traders said easing demand from jewellers and retailers following the end of the auspicious Navratra festival mainly led to the decline in gold prices, but a firm trend overseas capped the fall.
In This Pic : Gold falls on muted demand
Pic Courtesy : BCCL - Non Copyright
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Globally, gold edged higher 0.3 per cent to USD 1,169.40 an ounce in Singapore.
In This Pic : Gold falls on muted demand
Pic Courtesy : BCCL
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Besides, an appreciating rupee against the dollar making the imports cheaper influenced gold prices.
In This Pic : Gold falls on muted demand
Pic Courtesy : BCCL
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