Gold, silver slide on subdued demand from jewellers

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NEW DELHI, OCT 13: Gold prices slumped by Rs 70 to Rs 26,800 per ten grams at the bullion market today, following a weak global trend amid low demand from jewellers and retailers. Silver also fell by Rs 200 to Rs 36,800 per kg on reduced offtake by industrial units and coin makers.
In the national capital, gold of 99.9 and 99.5 per cent purity fell by Rs 70 each to Rs 26,800 and Rs 26,650 per ten gram, respectively. Sovereign, however, held steady at Rs 22,400 per piece of eight grams.
Silver ready eased by Rs 200 to Rs 36,800 per kg and weekly-based delivery by Rs 295 to Rs 36,865 per kg. Silver coins also dropped by Rs 1,000 to Rs 51,000 for buying and Rs 52,000 for selling of 100 pieces.

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