New Delhi: Weak global prices and muted demand from domestic jewellers sent gold prices sharply lower today. Gold prices declined by ₹270 to ₹34,180 per 10 gram at the bullion market, Press Trust of India reported, citing All India Sarafa Association. Silver rates, however, gained ₹120 today to ₹41,500 per kg on increased offtake by industrial units and coin makers. Gold prices have been volatile this week with prices on Monday rising ₹340 and then giving up some gains before falling sharply falling today. In Delhi, gold of 99.9% and 99.5% purities fell by ₹270 each to ₹34,180 and ₹34,030 per 10 gram, respectively.

Source: Mint February 07, 2019 12:22 UTC