As of today, gold prices have dipped to Rs. 29, 290 per 10 grams, the reason being a sluggish demand from local jewelers abroad. However, silver is witnessing a slight increase, Rs. 41, 800 per kg because of a subtle demand from coin makers and industrial units.
Other than global leads because of mounting tension between the US and Russia, softness in demand from local jewellers at the domestic spot market mainly kept gold prices lower, traders said. In the national capital, gold of 99.9 per cent and 99.5 per cent purity shed Rs. 10 each at Rs. 29,290 and Rs.29,140 per 10 grams, respectively.
Sovereign, however, remained steady at Rs. 24,400 per piece of eight grams. On the other hand, silver ready edged up by Rs. 50 to Rs. 41,800 per kg, while weekly- based delivery traded lower by Rs. 10 at Rs. 41,370 per kg.