Gold weakens on sluggish demand from jewellers

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NEW DELHI, OCT 9: Gold prices went down by Rs 50 to Rs 26,600 per ten grams at the bullion market on Friday on slackened demand from jewellers and retailers at current levels even as the metal strengthened overseas.
In the national capital, gold of 99.9 and 99.5 per cent purity moved down by Rs 50 each to Rs 26,600 and Rs 26,450 per ten grams, respectively. Sovereign, however, traded flat at Rs 22,400 per piece of eight grams.
However, silver ready ended higher by Rs 100 to Rs 36,800 per kg.
Silver coins, however, continued to trade at last level of Rs 51,000 for buying and Rs 52,000 for selling of 100 pieces.

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