Silver declines by Rs 7,400, gold falls by Rs1,300

New Delhi: Silver prices declined by Rs 7,400 to Rs 2.70 lakh per kg while gold dropped by Rs 1,300 to Rs 1.62 lakh per 10 grams in the national capital on Thursday due to weak global trends and profit-booking by traders. Silver fell by Rs 7,400, or nearly 3 per cent, to Rs 2,70,500 per kg (inclusive of all taxes) from the previous closing level of Rs 2,77,900 per kg. Gold of 99.9 per cent purity depreciated by Rs 1,300, or nearly 1 per cent, to Rs 1,62,900 per 10 grams.