Gold prices fell by Rs 125 to Rs 16,815 per 10 gram in the bullion market here today on fresh selling by traders driven by weakening global trend.
Silver rates declined by Rs 100 to Rs 27,100 per kg.
Marketmen said fresh selling by stockists at existing higher levels amid weakening global trend mainly pulled down both gold and silver prices.
Gold in the US fell back from 41,106 an ounce to $1,096 an ounce.
Standard gold and ornaments fell by Rs 125 each to Rs 16,815 and Rs 16,665 per 10 gram respectively. Sovereign lost Rs 50 at Rs 13,950 per piece of eight gram.
Silver ready and weekly-based delivery declined by Rs 100 each to Rs 27,100 and Rs 26,770 per kg respectively.
In line with a general weakening trend, silver coins also traded lower by Rs 100 to Rs 33,400 for buying and Rs 33,500 for selling of 100 pieces.
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