New Delhi, Jan 18: Gold prices retreated from over two-month highs by falling Rs 165 to Rs 26,385 per ten gram at the bullion market on Monday owing to slackened demand from jewellers and retailers at the prevailing levels even as the metal strengthened in global market.
Silver in restricted activity also shed Rs 15 to Rs 34,000 per kg on reduced offtake by industrial units and coin makers.
Globally, gold rose by 0.4 per cent to USD 1,093.46 an ounce in Singapore.
In the national capital, gold of 99.9 and 99.5 per cent purity plunged by Rs 165 each to Rs 26,385 and Rs 26,235 per ten grams, respectively. It had climbed Rs 340 inSaturday’s trade.
Sovereign too declined by Rs 100 to Rs 22,300 per piece of eight gram.
Following gold, silver ready eased by Rs 15 to Rs 34,000 per kg and weekly-based delivery by Rs 25 to Rs 34,000 per kg.
Silver coins, however, held steady at Rs 49,000 for buying and Rs 50,000 for selling of 100 pieces.
