Gold, silver fall on stockists selling

NEW DELHI: Gold prices declined by Rs 105 to Rs 30,725 per ten gram here on Tuesday on stockists selling at prevailing higher levels, triggered by weak global trend.
Silver also lost Rs 750 to Rs 46,450 per kg, snapping five-day upsurge, on reduced offtake by jewellers and industrial units. Traders said stockists selling against sluggish demand at higher levels mainly led to fall in gold and silver prices.
They said weak global trend where gold fell from six-month high as US economic data beat estimates, backing the case for reduced stimulus before the Fed meeting today, further influenced the sentiment.
Gold in Singapore, which normally sets price trend on the domestic front, fell by 0.7 per cent to USD 1,357.13 an ounce and silver by 0.7 per cent to USD 21.05 an ounce. —PTI