Falling for the third straight day, gold prices slumped by Rs210 to trade at over three-month low of Rs26,500 per ten grams at the bullion market in the national capital on Thursday. Further, slackened buying by jewellers at the spot market weighed on the precious metal prices.
Silver also remained under selling pressure and traded lower by Rs300 to Rs35,750 per kg. Bullion traders said a weak trend overseas where gold tumbled on speculation that US employment data will show further signs of recovery, boosting the outlook for higher interest rates, mainly dragged down the yellow metal prices.