Gold loses Rs.190, Silver sheds Rs.900

Gold tumbled by Rs.190 to Rs.30,400 per 10 grams, while Silver declined by Rs.900 to Rs.53,900 per kg on sluggish demand amid weak trend in the global markets.

Both gold and silver fell for the third day in a row in the bullion market in Delhi on Friday on reduced offtake at existing high levels and a weak global cues, traders said.

Trading sentiment remained bearish as gold fell further in global markets following the US Federal Reserve's move to not resume a debt purchase program even as the economy showed signs of slowing.