New Delhi, Nov 14: Falling for a second straight day, gold prices fell by Rs 35 to Rs 25,915 at the bullion market on Saturday in line with a weak global trend amid easing demand from jewellers and retailers.
Silver also declined by Rs 100 to Rs 34,300 per kg due to reduced offtake by industrial users and coin makers.
Globally, gold fell 0.10 per cent to USD 1,083.90 an ounce and silver shed 0.21 per cent at USD 14.28 an ounce in New York in Friday’s trade.
Meanwhile, government on Fridayslashed import tariff value on gold and silver to USD 354 per 10 grams and USD 470 per kg, respectively, tracking weakness in global markets.
For the last fortnight, the tariff value on imported gold was fixed at USD 373 per 10 grams and on silver it was USD 517 per kg.
In the national capital, gold of 99.9 and 99.5 per cent purity eased further by Rs 35 each to trade at fresh three-month low of Rs 25,915 and Rs 25,765 per ten gram, respectively.
Sovereign, however, remained steady at Rs 22,200 per piece of eight gram in limited deals.
Following gold, silver ready drifted by Rs 100 to Rs 34,300 per kg and weekly-based delivery by Rs 115 to Rs 33,810 per kg.
Silver coins spurted by Rs 1,000 to Rs 48,000 for buying and Rs 49,000 for selling of 100 pieces.
