Gold plunges on weak global cues, low demand

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NEW DELHI: Snapping its two day rising streak, gold pricesslid by Rs 150 to Rs 25,750 per ten grams at the bullion marketon Saturday, tracking a weak trend overseas amid easing demand from jewellers at prevailing levels.

Silver followed suit and declined by Rs 275 to Rs 34,025 per kg on reduced offtake by industrial units and coin makers.

Bullion traders said besides weak global trend, fall in demand from jewellers and retailers at existing levels mainly kept pressure on the precious metals prices here.

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