Gold loses Rs 170 to Rs 32,140 per 10 grams

Gold loses Rs 170 to Rs 32,140 per 10 grams New Delhi: Gold declined by Rs 170 to Rs 32,140 per 10 grams in the bullion market here Saturday on profit selling by stockists at high levels, while silver shed Rs 430 to Rs 61,200 per kg on reduced offtake by industrial units.

Traders said sluggish demand and shifting of funds by investors to rising equity also put pressure on the precious metals' for the second day in a row.

Gold of 99.9 and 99.5 percent purity fell by Rs 170 each to Rs 32,140 and Rs 31,940 per 10 grams, respectively. The yellow metal had lost Rs 190 yesterday.

Sovereign remained steady at Rs 25,450 per piece of eight grams on limited deals.

Silver ready remained under selling pressure and dropped by Rs 430 to Rs 61,200 per kg and weekly-based delivery by Rs 1,085 to Rs 63,240 per kg.

Silver coins held steady at Rs 77,000 for buying and Rs 78,000 for selling of 100 pieces.

PTI