Gold extends fall on muted demand

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NEW DELHI, OCT 26: Continuing its losing streak for the third straight session, gold lost Rs 50 to close at Rs 27,070 per 10 grams in Delhi bullion market on Monday in tandem with a weakening global trend amid sluggish demand from jewellers.
Silver, however, recovered by Rs 60 to Rs 37,110 per kg on scattered enquiries from industrial units.
In the national capital, gold of 99.9 and 99.5 per cent purity declined by Rs 20 each to Rs 27,070 and Rs 26,920 per ten grams, respectively. It had lost Rs 245 in the previous two sessions.
Sovereign, however, continued to be traded at last level of Rs 22,400 per piece of eight gram.
Silver, however, recovered by Rs 60 to Rs 37,110 per kg on scattered demand from industrial units.
Meanwhile, silver coins remained flat at Rs 52,000 for buying and Rs 53,000 for selling of 100 pieces.

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