April 26, 2011 8:20 PM

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Silver plunges by Rs 4300 per kg; gold by Rs160 per ten grams

Both gold and silver snapped their rally at Delhi's bullion market, on Tuesday, on reduced off take at existing high levels, amid a weak global trend. Silver plunged 4,300 rupees, to 70,000 rupees per kilo. Gold declined 160 rupees, to 22,220 rupees per ten grams. In the global markets, gold dropped 0.8 per cent, to 1,496 dollars an ounce. Silver tumbled 4.8 per cent, to 44.66 dollars an ounce. The precious metals fell as the dollar rebounded, and as investors booked profits.

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