The yellow metal began October on a negative note, with prices declining by Rs 325 due to weak global cues and lacklustre performance by domestic jewellers even as silver prices remained unchanged at Rs 45,500 per kg.
Gold prices closed at Rs 31,200 per 10 gm on Saturday, after gaining Rs 175 the previous day despite the stock markets ending higher on account of value-buying by investors.
Silver prices have been hovering around the Rs 45,000-mark since September 28 and have changed little since the August 31 closing of Rs 44,900 per kg.
Gold prices have appreciated marginally, having closed at Rs 31,050 per 10 gm on August 31, 2016.
Prices of shares of gold companies also did not change much on Friday; Titan shares closed 0.74 percent higher at Rs 395.65 apiece, while PC Jeweller gained 2.92 percent to end at Rs 484.75. Tribhovandas Bhimji Zaveri shares closed at Rs 66.30 apiece, up 0.84 percent.
