New Delhi, Dec 7 (PTI) Gold prices today dipped below theRs 30,000-mark, falling by Rs 100 to trade at over three-monthlow of Rs 29,950 per 10 grams at the bullion market, trackinga weak trend overseas amid muted demand from local jewellers.
Silver also went down by Rs 375 to Rs 38,125 per kg dueto reduced offtake by industrial units and coin makers.
Marketmen said apart from a weak trend overseas wherethe precious metal traded at two-month low, a fall in demandfrom local jewellers and retailers at domestic spot marketmainly kept pressure on the gold prices.
Globally, gold fell 0.45 per cent to USD 1,257.10 anounce and silver by 0.31 per cent to USD 15.87 an ounce inSingapore.
In the national capital, gold of 99.9 per cent and 99.5per cent purity fell by Rs 100 each to Rs 29,950 and Rs 29,800per 10 grams, respectively, a level last seen on August 26.
The precious metal had lost Rs 200 yesterday.
Sovereign followed suit and declined by Rs 100 to Rs24,400 per piece of eight grams.
Following gold, silver ready dropped by Rs 375 to Rs38,125 per kg and weekly-based delivery by Rs 440 to Rs 37,335per kg.
Silver coins too plummeted by Rs 1,000 at Rs 71,000 forbuying and Rs 72,000 for selling of 100 pieces. PTI SUN KPSSBT.
This is unedited, unformatted feed from the Press Trust of India wire.