Ignoring firm global cues, gold fell for the sixth consecutive trading session by Rs 15 to Rs 16,975 per ten grams on low buying support, while silver surged by Rs 425 to Rs 27,225 per kg on the bullion market here today.
Standard gold and ornaments shed Rs 15 each to trade at Rs 16,975 and Rs 16,825 per ten grams, respectively. They have lost a total of Rs 215 in the last five trading sessions.
However, sovereign closed flat at Rs 14,025 per eight-gram piece.
Marketmen said global cues, which guide gold prices in the domestic market, failed to influence the trading sentiment.
The metal in the Asian region advanced 0.5 per cent to USD 1,127.25 an ounce today.
Cooling off of seasonal demand also weakened the trading sentiment for gold, they added.
Silver, on the other hand, recovered sharply by Rs 425 to Rs 27,225 per kg on buying and weekly-based delivery gained Rs 400 to Rs 27,120 per kg.
A firming trend in the Asian region, where silver rose a per cent to USD 17.42 an ounce, also supported the uptrend.
Silver coins also gained Rs 100 at Rs 33,500 for buying and Rs 33,600 for selling of 100 pieces.
