Photo: Pradeep Gaur/MintNew Delhi: Silver prices slumped below the Rs40,000 per kg level by falling Rs500 to Rs39,800 per kg at the bullion market on Saturday, tracking a weak trend overseas amid reduced industrial offtake. Gold, however, ruled steady at Rs31,250 per ten grams largely on scattered buying. Sovereign followed suit and maintained a steady trend at Rs24,800 per piece of eight grams. Marketmen said apart from a weak trend overseas, fall in demand from industrial units and coin makers at domestic spot market mainly led to fall in silver prices. In the national capital, silver ready plunged by Rs500 to Rs39,800 per kg and weekly-based delivery by Rs835 to Rs38,605 per kg.

Source: Mint February 03, 2018 09:33 UTC