Gold in London, which normally set price trend on the domestic front, lost 0.1% to 1,375.41 dollar an ounce. On the domestic front, gold of 99.9 and 99.5% purity slipped by Rs. 165 each to Rs. 31,360 and Rs. 31,160 per ten grams, respectively. It had gained Rs. 1,825 in the precious two sessions.
Sovereign, however, found some local buying and rose by Rs. 100 to Rs. 25,000 per piece of eight gram. In line with a general weak trend, silver ready declined by Rs. 75 to Rs. 50,610 per kg and weekly-based delivery by Rs. 45 to Rs. 50,490 per kg, respectively.
The metal had surged Rs. 9,275 in last eight sessions. Meanwhile, silver coins climbed by Rs. 1,000 to Rs. 88,000 for buying and Rs. 89,000 for selling of 100 pieces.