Gold prices slumped by Rs. 225 to Rs. 30,375 /10 gram at the bullion market on Thursday afternoon on muted demand from local jewellers, while Silver dropped by Rs. 450 to Rs. 40,000/kg on account of reduced off-take by industrial units and coin makers. Internationally, the price of gold rose 0.06% to USD 1,275.40 per ounce and silver by 0.24% to USD 16.61 per ounce in Singapore.
In New Delhi, the gold of 99.9% and 99.5% purity slumped by Rs.225 each to Rs. 30,375 and Rs. 30,225/10 gram, respectively. However, Sovereign remained unaltered at Rs. 24,700 piece of eight gram in limited deals, while Silver coins remained fixed at Rs. 74,000 for buying and Rs. 75,000 for selling of 100 pieces.