Gold retreats from record level, dips ₹400 to ₹78,300/ 10 gms amid bearish global markets

‘Precious metal had closed at all-time level of Rs 78,700 10 gms on Monday'

NEW DELHI: Gold prices retreated from record high in the national capital on Tuesday, plunging Rs 400 to Rs 78,300 per 10 grams following fresh selling by stockists triggered by a bearish trend in the global markets.

The precious metal had closed at an all-time level of Rs 78,700 per 10 grams on Monday, according to the All India Sarafa Association.

Silver, however, remained flat at Rs 94,000 per kg due to profit booking after the white metal traded lower in the overseas markets.

Additionally, gold of 99.5 per cent purity also pulled back from its record level and slumped Rs 400 to Rs 77,900 per 10 grams. It ended at Rs 78,300 per 10 grams in the previous close on Monday.