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Gold, silver slip on global cues

Gold, silver

Mumbai : Gold fell by Rs 110 per 10 grams at the bullion market here today on weak global trend amid subdued jewellers buying interest at the higher levels.

Elsewhere, silver too declined owing to lower industrial offtake.

Standard gold (99.5 purity) declined by Rs 110 to finish at Rs 31,205 per 10 grams compared to yesterday’s closing level of Rs 31,315.

Pure gold (99.9 purity) also fell by a similar margin to settle at Rs 31,355 per 10 grams from Rs 31,465.

Silver (.999 fineness) dropped by Rs 655 to conclude at Rs 46,515 per kg against Rs 47,170 earlier.

Spot gold was down 0.3 percent at USD 1,355.96 an ounce in early European trade, while U.S. gold futures for August delivery fell USD 4.30 to USD 1,357.80.

Silver was flat at USD 19.66 an ounce.

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