Gold eases on low buying, silver drops
Gold prices slipped at the domestic bullion market here today on lower offtake from stockists and traders as well as subdued local buying interest despite of positive global cues.
By : migrator
Update: 2017-09-07 12:36 GMT
Mumbai
Silver also dropped on the back of reduced industrial demand.
Standard gold (99.5 purity) declined by Rs 65 to close at Rs 30,125 per 10 grams from Wednesday's closing level of Rs 30,190.
Pure gold (99.9 purity) also went down by a similar margin to finish at Rs 30,275 per 10 grams as against Rs 30,340 previously.
Silver (.999 fineness) dipped by Rs 145 per kg to end at Rs 40,740 against yesterday's level of Rs 40,885.
Globally, Gold clawed higher after President Donald Trump agreed a deal with opposition Democrats to temporarily extend the US debt limit, helping to weaken the dollar.
Spot gold was up 0.5 per cent at USD 1,339.79 per ounce at early trade, after easing 0.3 per cent in the previous session.
Among other metals, silver rose 0.3 per cent to USD 17.88 an ounce.
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