1. Gold eases on poor buying sentiment; silver gains

Gold eases on poor buying sentiment; silver gains

Gold prices fell modestly at the domestic bullion market today due to lack of demand from stockists...

By: | Mumbai | Published: November 13, 2014 8:34 PM
Standard gold (99.5 purity) slipped by Rs 25 to settle at Rs 25,805 per 10 grams as compared to its overnight closing level of Rs 25,830. (Reuters)

Standard gold (99.5 purity) slipped by Rs 25 to settle at Rs 25,805 per 10 grams as compared to its overnight closing level of Rs 25,830. (Reuters)

Gold prices fell modestly at the domestic bullion market today due to lack of demand from stockists and retailers in the face of global uncertainty.

On the other hand, silver moved up due to stray industrial demand.

Standard gold (99.5 purity) slipped by Rs 25 to settle at Rs 25,805 per 10 grams as compared to its overnight closing level of Rs 25,830.

Pure gold (99.9 purity) also down by a similar margin to close at Rs 25,955 per 10 grams from Rs 25,980.

However, silver (.999 fineness) rose by Rs 25 to finish at Rs 35,915 per kg as against Rs 35,890 yesterday.

On the global front, the shiny metal (gold) edged higher after two-straight session slump helped by a soft dollar and also some bargain hunting.
Spot gold was bid higher at USD 1,161.30 an ounce in early European trades.

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