Gold prices fall below Rs 4100

MUMBAI, Nov 21: Gold prices declined below the psychological barrier of Rs 4100 per 10 gram level on the bullion market here today on expectations of heavy arrivals through the customs sale of accumulated gold and silver.

Silver prices reacted sharply due to lack of support from industrial units coupled with increased arrivals of raw silver in the market. Standard gold dropped to Rs 4090 from Rs 4120 previously. 22-carat gold was nominally quoted lower at Rs 3780 from the last close of Rs 3810. Ten-tola gold bar of .999 purity fell to Rs 47,900 from Rs 48,200 previously.

Silver ready of .999 fineness declined by Rs 50 to close at Rs 7040 as against the last close of Rs 7090. Raw silver of .916 fineness and tenderable silver also dropped by a similar margin to close at Rs 6940 and Rs 7045.