Gold, silver extend losses on sustained selling

New Delhi-INDIA  (JulY 13) Gold and silver prices extended losses in the national capital today on sustained selling by stockists amid a weakening global trend.

While gold fell by Rs 50 to Rs 27,250 per ten grams, silver shed Rs 120 to Rs 41,410 per kg.

Traders said sustained selling by stockists in line with a weakening global trend, as a stronger dollar curbed demand for an alternative investment, mainly helped both gold and silver to surrender further ground.