Gold costs fell by Rs 210 on sluggish demand

New Delhi, Dec 19 Gold costs fell by Rs 210 to Rs 31,850 for every 10 gram at the bullion market Wednesday owing to tepid demand from local jewellers even as the valuable metal firmed up overseas.

Silver excessively debilitated by Rs 435 to Rs 37,880 for each kg because of lessened offtake by consuming industrial units.

Marketmen attributed the slide in gold costs to facilitating request from nearby goldsmiths and retailers in the local spot advertise, yet a firm pattern abroad topped the fall.

Globally, gold edged up by 0.06 percent to USD 1,250.80 an ounce and silver rose 0.45 percent to USD 14.77 an ounce in New York.

In the national capital, gold of 99.9 percent and 99.5 percent purities declined by Rs 210 each to Rs 31,850 and Rs 31,700 for every 10 gram, separately. The precious metal had gained Rs 60 Tuesday.

Sovereign, nonetheless, held steady at Rs 25,000 for each bit of 8 gram on little doing.

In a state of harmony with gold, silver ready traded lower by Rs 435 to Rs 37,880 for each kg, while weekly based delivery was somewhere around Rs 448 to Rs 37,433 for every kg.

Silver coins, be that as it may, were unchanged at Rs 74,000 for buying and Rs 75,000 for selling of 100 pieces.