Gold prices fall for second day, down Rs 110

Gold prices fell by Rs 110 to Rs 33,060 per 10 gram on Wednesday, registering its second day of decline amid muted domestic demand, according to the All India Sarafa Association.

Silver, on the other hand, gained Rs 20 to Rs 39,120 per kg following increased demand from industrial units and coin makers.

Bullion traders said muted demand in the domestic market led to the fall in prices of the yellow metal.

Tapan Patel, senior research analyst (commodities), HDFC Securities, said global bullion prices traded steady on Wednesday after witnessing marginal correction on Tuesday.