New Delhi, June 16: Gold fell by Rs 40 to Rs 18,900 per 10 grams in the national capital today on sustained selling by stockists at existing higher levels.
However, silver recovered by Rs 150 to Rs 29,700 per kg on increased offtake from industrial units and coinmakers.
Marketmen said that continued selling by stockists at existing higher levels led to the fall in gold prices.
Some retail customers, who grabbed the opportunity to sell scrap jewellery at the present attractive levels, also pulled down the prices, they said.
Standard gold of 99.9 purity, which had lost Rs 85 in the previous session, declined further by Rs 40 to Rs 18,900 per 10 grams, while gold of 99.5 purity dipped by the same margin to Rs 18,800 per 10 grams.
However, sovereigns remained flat at Rs 14,650 per piece of eight grams on lack of buying interest.
–IANS