Gold plunges Rs 300 on weak global cues, muted demand

Gold prices plunged Rs 300 to Rs 34,170 per 10 gram in the national capital Wednesday due to tepid demand from local jewellers and weak trend overseas, according to the All India Sarafa Association. Silver also followed suit and plummeted by Rs 500 to Rs 38,700 per kg due to reduced offtake by industrial units and coin makers.