Gold declines for fifth day on sluggish demand

New Delhi : Gold prices maintained downtrend for the fifth straight day by losing Rs 20 to Rs 30,980 per ten grams in the national capital today on sustained selling by stockists on sluggish demand.

However, silver recovered by Rs 500 to Rs 58,500 per kg on industrial units and coin makers buying at prevailing lower levels. The metal had lost Rs 1,750 in last four days.

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