<p>Gold prices declined by Rs 180 to Rs 27,220 per 10 gram in the national capital today on increased selling by stockists, triggered by a weakening global trend where it tumbled to four-month low.<br /><br /></p>.<p>Silver, however, held steady at Rs 40,350 per kg.<br /><br />Traders said persistent selling by stockists was triggered by a weakening global trend where gold tumbled to the lowest level since February as hedge funds pared bets on a rally in the metal as haven demand waned.<br /><br />Gold in Singapore, which normally sets price trend on the domestic front, fell by 0.7 per cent to USD 1,241.11 an ounce, the lowest since February 3 and silver by 0.7 per cent to USD 18.69 an ounce.<br /><br />In Delhi, gold of 99.9 and 99.5 per cent purity plunged Rs 180 each to Rs 27,220 and Rs 27,020 per 10 gram, a fresh 11-month low, while sovereign lost Rs 200 to Rs 24,400 per piece of eight gram.<br /><br />On the other hand, silver ready held steady at Rs 40,350 per kg on scattered support, while weekly-based delivery shed Rs 90 to Rs 39,500 per kg.<br />Silver coins dropped by Rs 2,000 to Rs 75,000 for buying and Rs 76,000 for selling of 100 pieces.<br /><br />Meanwhile, government today slashed import tariff value on gold and silver to USD 408 per 10 gram and USD 617 per kg, respectively, in view of weakness in bullion prices globally.</p>
<p>Gold prices declined by Rs 180 to Rs 27,220 per 10 gram in the national capital today on increased selling by stockists, triggered by a weakening global trend where it tumbled to four-month low.<br /><br /></p>.<p>Silver, however, held steady at Rs 40,350 per kg.<br /><br />Traders said persistent selling by stockists was triggered by a weakening global trend where gold tumbled to the lowest level since February as hedge funds pared bets on a rally in the metal as haven demand waned.<br /><br />Gold in Singapore, which normally sets price trend on the domestic front, fell by 0.7 per cent to USD 1,241.11 an ounce, the lowest since February 3 and silver by 0.7 per cent to USD 18.69 an ounce.<br /><br />In Delhi, gold of 99.9 and 99.5 per cent purity plunged Rs 180 each to Rs 27,220 and Rs 27,020 per 10 gram, a fresh 11-month low, while sovereign lost Rs 200 to Rs 24,400 per piece of eight gram.<br /><br />On the other hand, silver ready held steady at Rs 40,350 per kg on scattered support, while weekly-based delivery shed Rs 90 to Rs 39,500 per kg.<br />Silver coins dropped by Rs 2,000 to Rs 75,000 for buying and Rs 76,000 for selling of 100 pieces.<br /><br />Meanwhile, government today slashed import tariff value on gold and silver to USD 408 per 10 gram and USD 617 per kg, respectively, in view of weakness in bullion prices globally.</p>