New Delhi, Dec 19: Tracking a weak overseas trend, gold prices plunged by Rs 265 to trade at over two-week low of Rs 25,375 per 10 grams at the bullion market on Friday.
Silver followed suit and dropped by 600 to Rs 33,250 per kg.
Globally, gold fell by 2 per cent to USD 1,050.60 an ounce, its biggest decline since March 6 and silver by 3.42 per cent to USD 13.69 an ounce in New York in Thursday’s trade.
In the national capital, gold of 99.9 and 99.5 per cent purity slumped by Rs 265 each to Rs 25,375 and Rs 25,225 per 10 grams respectively, a level last seen on December 3.
Sovereign declined by Rs 100 to Rs 22,100 per piece of eight grams.
Following gold, silver ready plummeted by Rs 600 to Rs 33,250 per kg and weekly-based delivery slumped by Rs 720 to Rs 33,280 per kg.
On the other hand, silver coins were unaltered at Rs 47,000 for buying and Rs 48,000 for selling of 100 pieces.
