Precious metals gold and silver fell on Monday, owing to subdued demand at prevailing levels amid a weak global trend. While gold declined by 10 to 30,170 per 10 grams, silver was down 50 to 55,200 per kg on reduced offtake by jewellery fabricators and industrial units.
Traders said sluggish demand at prevailing higher levels amid a weak global trend mainly led to decline in gold and silver prices. In London, gold declined by $ 3.10 to $ 1,573.70 an ounce and silver by 0.24% to $ 28.51 an ounce.On the domestic front, gold of 99.9 and 99.5% purity declined by 10 each to 30,170 and 29,970 per 10 grams, respectively, while sovereigns held steady at 25,300 per piece of eight grams.

Source - http://economictimes.indiatimes.com