Gold falls on lacklustre demand

New Delhi, June 30 (PTI): Gold fell by INR 60 to INR 31,420 per 10 gram at the bullion market today on sluggish demand from local jewellers despite a firm trend overseas. However, silver held steady at INR 40,600 per kg on scattered enquiries from industrial units and coin makers. Globally, gold edged higher 0.35 per cent to USD 1,252.50 an ounce and silver by 0.72 per cent to USD 16.09 an ounce in New York in yesterday’s trade. In the national capital, gold of 99.9 per cent and 99.5 per cent purity fell further by INR 60 to INR 31,420 and INR 31,270 per 10 gram, respectively. The yellow metal had lost INR 170 yesterday. Sovereign however remained unaltered at Rs 24,800 per piece of eight gram. On the other hand, silver ready traded at previous level of INR 40,600 per kg on scattered support, while weekly-based delivery declined by INR 60 to INR 39,225 per kg. Silver coins also held steady at INR 75,000 for buying and INR 76,000 for selling of 100 pieces.