Gold price falls to Rs. 30,800; silver down at Rs. 41,200 per kg

Mumba-India (Oct 13)  Gold prices dropped a tad — by Rs. 30 — to Rs. 30,800 per 10 grams today, due to weak demand at the domestic spot market even as the metal traded strong overseas.

Silver eased by Rs. 100 to Rs. 41,200 per kg owing to lack of support from industrial units and coin makers,

Globally, gold rose 0.18 per cent to $1,295.40 an ounce and silver by 0.17 per cent to $17.26 an ounce in Singapore.

In the national capital, gold of 99.9 per cent and 99.5 per cent purity shed Rs. 30 each to Rs. 30,800 and Rs. 30,650 per 10 grams, respectively. It had advanced Rs. 80 yesterday. Sovereign, however, was steady at Rs. 24,700 per piece of eight grams.

While silver ready fell by Rs. 100 to Rs. 41,200 per kg, weekly-based delivery edged up by Rs. 55 to Rs. 40,385. Silver coins, however, continued to be traded at the previous level of Rs. 74,000 for buying and Rs. 75,000 for selling of 100 pieces.

BusinessLine