Gold prices declined marginally on the bullion market today (November 03) as investors diverted their money into the stock market. An adequate supply position further pulled down prices of the yellow metal, reports Business Line.

Standard gold and ornaments receded by Rs 10 each at Rs 12,000 and Rs 11,850 per 10 gram, while the sovereign ruled flat at Rs 10,500 per piece of eight gram.

On the other hand, silver prices jumped higher supported by increased buying by stockists and jewellery fabricators to meet the on going marriage season demand. Silver ready and weekly-based delivery moved up by Rs 130 and Rs 180 to Rs 17,130 each per kg on brisk buying by stockists on the back of a firm global trend, whereas silver added 3.2% to USD 10.16  an ounce. Its coins held steady at Rs 27,000 for buying and Rs 27,100 for selling of 100 pieces.