Mumbai:- Gold prices declined at the domestic bullion market here today due to reduced demand from stockists and retailers amid lower global cues.
However, silver continued its rally for the second straight session owing to increased offtake by industrial users.
Standard gold (99.5 purity) fell by Rs 75 to close at Rs 30,560 per 10 grams from Wednesday’s level of Rs 30,635.
Pure gold (99.9 purity) also moved down by a similar margin to finish at Rs 30,710 per 10 grams as compared to Rs 30,785 yesterday.
However, silver (.999 fineness) advanced by Rs 330 to conclude at Rs 43,560 against Rs 43,230 previously.
Globally, gold steadied as wider markets showed signs of stabilising, but the metal remained on track for its biggest monthly rise since February in the wake of last week’s vote on Britain’s membership of the European Union.
Spot gold was at USD 1,318.10 an ounce in early trade, little changed from USD 1,318.51 late on Wednesday, while US gold futures for August delivery dipped by 0.5 percent to USD 1,320.30.
Silver was up 0.6 per cent at USD 18.38 an ounce on Thursday, having earlier matched the previous session’s 17-month high of USD 18.44.
PTI
