New Delhi, July 18: A divergent trend developed in the bullion market in the national capital today as silver prices surged by Rs 180 to Rs 22,200 per kg on emergence of buying by stockists while gold lost Rs 10 to end at Rs 14,990 per 10 grams due to selling by stockists.
Buying in silver picked up as stockists and jewellery makers indulged in enlarging their positions ahead of festival season and a firming global trend.
Reduced offtake at existing higher levels caused gold to trade in the negative zone.
Standard gold and gold ornaments lost Rs 10 each at Rs 14,990 and Rs 14,840 per ten gram but the price of sovereigns held steady at Rs 12,450 per 8 gram in restricted activity.
On the other hand, the white metal attracted brisk buying support from stockists and industrial users.
–PTI