Gold, silver prices decline on profit-selling, global cues
Agencies: Mumbai, Dec 11 2012, 21:24 IST
Gold prices encountered profit-taking after its three-session surge at the bullion market here today.
Silver also witnessed speculative sell-off following subdued industrial demand.
Standard gold (99.5 purity) slipped by Rs 145 per 10 gm to close at Rs 31,060 from Monday's closing level of Rs 31,205.
Pure gold (99.9 purity) slid by Rs 150 per 10 gm to conclude at Rs 31,190 as against Rs 31,340.
Silver ready (.999 fineness) dropped by Rs 610 per kg to end at Rs 62,320 from Rs 62,930 yesterday.
In Europe, gold traded almost flat amid cautiousness ahead of US Federal Reserve meeting over more stimulus measures.
Spot gold bid slightly lower at USD 1,709.50 an ounce in early trade and silver was bid down at USD 33.08 an ounce.
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