Gold prices declined by Rs 75 to Rs 26,940 per 10 grams in the national capital today due to sluggish demand at prevailing higher levels amid a weak trend in the Asian region.
However, silver rose further by Rs 200 to Rs 55,200 per kg on better offtake by industrial units at lower levels, after a steep fall earlier this week.
Trading sentiment turned bearish after gold declined in the Asian region, as investors sold the metal for cash to pay losses as commodities, including oil and copper fell on concerns that European leaders may fail to contain the region’s debt crisis.
From: http://ping.fm/k6pSV
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