Gold price eases on demand slump, silver edges up

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Standard gold (99.5 purity) moved down by Rs 25 to finish at Rs 30,890 per 10 grams from Tuesday's closing level of Rs 30,915. Reuters Standard gold (99.5 purity) moved down by Rs 25 to finish at Rs 30,890 per 10 grams from Tuesday's closing level of Rs 30,915. Reuters
SummaryGold eased further in a listless trade at the domestic bullion market due to lack of buying interest.

Gold eased further in a listless trade at the domestic bullion market today due to lack of buying interest from retailers and investors amid global uneasiness.

While the industrial metal witnessed a modest rebound after its uninterrupted seven-session free fall on stray demand.

Standard gold (99.5 purity) moved down by Rs 25 to finish at Rs 30,890 per 10 grams from Tuesday's closing level of Rs 30,915.

Pure gold (99.9 purity) also fell by a similar margin to end at Rs 31,040 per 10 grams as compared to Rs 31,065.

Gold graphs November 20

Silver ready (.999 fineness), however gained by Rs 80 to conclude at Rs 46,970 per kg over yesterday's close of Rs 46,890.

Globally, the yellow-metal were little changed and trading flat as investor sentiment continued to remain bearish ahead of key U.S. economic data and the release of the Federal Reserve's October meeting minutes later in the day.

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