New Delhi, July 09: Gold prices fell by Rs 100 to Rs 18,600 per ten grams in the national capital today amid a weakening trend overseas and reduced offtake by retailers at existing higher levels.
Marketmen said a weakening trend in international markets, which set the price trend in domestic markets, mainly weighed on the trading sentiment. Gold in overseas markets fell 0.06 per cent to USD 1,197.80 an ounce.
Reduced offtake at existing higher levels was another dampening factor, they said.
Gold of 99.9 per cent and 99.5 per cent purity fell by Rs 100 each to Rs 18,600 and Rs 18,500 per ten grams, respectively. The precious metal had gained Rs 140 in the previous session.
Sovereigns followed suit and lost Rs 100 to Rs 14,600 per piece of eight grams.
–PTI