Due to weak demand for the fourth day, gold prices fell by Rs 15 to Rs 31,460 per 10 grams on Saturday due to low demand. Silver coins also lost Rs 515 to Rs 36,560 per kilo on weak demand from industrial units and coin makers. Traders said that light demand for jewelers and retailers and weakness in global markets reduced the weight on gold prices. In the national capital, 99.9 per cent and 99.5 per cent purity fell by Rs 15 to Rs 31,460 and Rs 31,310 per 10 gram respectively. Yellow metal fell by Rs 65 on Friday.
However, prices of 8 grams per unit remained steady at Rs 24,700. Globally, the price of gold in New York was $ 1,221.88 per ounce, while silver in silver rose to $ 14.17 an ounce. Globally, the price of gold in New York was $ 1,221.88 per ounce, while silver in silver rose to $ 14.17 an ounce. In the meantime, silver ready rebounded by Rs 515 to Rs 36,560 per kg, while weekly-based delivery went down by Rs 459 to Rs 35,147 per kilo. However, silver coins flat for Rs. 72,000 and Rs. 73,000 for flat sale of Rs. 100,000.