Gold prices on Wednesday rose by Rs.100 to close at Rs.31,950/10 grams at the bullion-market in the national capital on an uptick in retail buying by local jewellers even though bleak market trend overseas restricted the gains further, reported news agency PTI. Silver, on the other hand, dropped by Rs.140 to close at Rs.37,600/kg due to slightly lower demand from industrial units.

Gold prices remained stable at Rs. 31,850 per 10 gram in the bullion market on Tuesday, reported Press Trust of India. Sovereign gold too remained steady at Rs. 24,800 per piece of 8 gram. However, silver rates fell by Rs. 150 to Rs. 37,300 per kg owing to lower demand from industrial units on Tuesday; traders were quoted as saying in the PTI report.

Gold prices drifted further lower by Rs.50 to Rs.31,950 per 10 grams at the bullion market on Wednesday, falling for the third consecutive day, tracking a weak global trend amid weak demand from local jewellers reported news agency PTI. Silver too followed suit and dropped by Rs.100 to Rs.37,800 per kg at the bullion market, it futher reported.