Gold, silver prices rule flat

Gold prices were ruling almost flat at Rs 33,430 per 10 gram and, tracking the yellow metal, silver also remained steady at Rs 39,500 per kg at the bullion market in the national capital on Wednesday, according to the All India Sarafa Association.

Traders said gold prices fell slightly by Rs 20 on weak demand from local jewellers.

Globally, spot gold traded higher at USD 1,290.45 an ounce, while silver stood steady at USD 15.14 an ounce in New York.

In the national capital, gold of 99.9 per cent and 99.5 per cent purities dropped by Rs 20 to Rs 33,430 and Rs 40 to Rs 33,260 per 10 gram, respectively.

However, sovereign gold held steady at Rs 26,400 per piece of eight gram.