tyle="text-align:justify">Gold rates cracked under the Rs 30,000-level, dipping by Rs 230 to Rs 29,820 per 10 grams at the bullion market on Tuesday owing to loosen demand from jewellers and retailers at prevailing levels amid a weak trend abroad.

Silver also eased by Rs 160 to Rs 41,100 per kg on lack of buying support from industrial units and coin makers. Bullion traders said besides a weak trend overseas, subdued demand from jewellers and retailers at the domestic spot market led to the fall in gold and silver prices.

Internationally, gold traded lesser by 0.04 % to US dollar 1,273.50 an ounce in Singapore.

In the national capital, gold of 99.9 %  and 99.5 % purity fall by Rs 230 to Rs 29,820 and Rs 29,670 per 10 grams, respectively. It had edged up by Rs 25 in yesterday's trade.

Sovereign, meanwhile, remained unaffected at Rs 23,300 per piece of eight grams.

On the other hand, silver ready turn down by Rs 160 to Rs 41,100 and weekly-based delivery by Rs 285 to Rs 41,090 per kg.

Silver coins, meanwhile, remained unchanged at Rs 69,000 for buying and Rs 70,000 for selling of 100 pieces.