Gold prices dwindled down by Rs. 240 to Rs. 19,530 per 10 gram on materialization of fragment gold jewellery putting on sale by retailers at on hand elevated stages in the middle of feeble worldwide tendency.

Silver prices, as well stayed off pretty low with the broad deteriorating tendency, and pushed up by Rs. 550 to Rs. 35,550 per kg, as stockist relieved of the fraction of their investment and mass consumers desist from purchasing at elevated levels.

As per the trade analysts, the retail customers pander in selling scrap gold jewellery at striking elevated levels and dragged down the metal prices. They added that purchasing act was approximately aeration up, as stockists were coming up for more turn down in the valuable metal prices subsequent to its record drop in the abroad market.

Gold prices in London dwindled by 9.28 dollars to $ 1,316.40 an ounce, its most low level in the past two weeks.

On the home front, gold of 99.9 and 99.5 per cent clarity dwindled by Rs. 240 each to Rs. 19,530 and Rs. 19,430 per 10 gram correspondingly. Sovereign also tumbled down by Rs. 100 to Rs. 15,800 per piece of eight gram.