Silver declines 5%, gold loses Rs 2,400

New Delhi: Precious metals prices declined more than 5 per cent in the national capital on Friday, with silver declining to Rs 2.55 lakh per kilogram, while gold dropped to Rs 1.58 lakh per 10 grams amid subdued demand in the local market.

According to the All India Sarafa Association, the white metal slumped Rs 13,500, or 5.03 per cent, to Rs 2,55,000 per kilogram. It ended flat at Rs 2,68,500 per kg on Thursday.

Gold of 99.9 per cent purity also dived Rs 2,400, or 1.5 per cent, to Rs 1,58,500 per 10 grams from the previous close of Rs 1,60,900 per 10 grams.