Mumbai:- Tracking a weak trend in global market and fall in demand from jewellers at current levels, gold remained weak for the third straight day as prices fell by another Rs 15 per ten grams at the bullion market here today.
However, silver strengthened by gaining Rs 10 per kg due to increased offtake by industrial units.
Standard gold (99.5 purity) eased by Rs 15 to end at Rs 28,745 per 10 grams from yesterday’s level of Rs 28,760.
Pure gold (99.9 purity) also moved down to close at Rs 28,895 per 10 grams as compared to Rs 28,910.
However, silver (.999 fineness) rose by Rs 10 per kg to finish at Rs 42,510 as compared to Rs 42,500 earlier.
Globally, gold dipped as the dollar strengthened, but economic uncertainty around Britain’s departure from the European Union and the approaching French elections capped losses.
Spot gold was down 0.1 percent at USD 1,250.66 an ounce at early trade.
In other precious metals, spot silver slid as much as 0.5 percent to USD 18.15 an ounce, after hitting a four-week high of USD 18.25 in the previous session
PTI
