Mumbai:- Gold declined for the second straight session at the bullion market today due to subdued offtake from stockists and traders, while silver recovered modestly on mild demand from industrial units.
Standard gold (99.5 purity) fell by Rs 95 to end at Rs 30,330 per 10 grams from Monday’s closing level of Rs 30,425.
Pure gold (99.9 purity) also moved down by a similar margin to finish at Rs 30,480 per 10 grams as compared to Rs 30,575 yesterday.
Silver (.999 fineness) climbed by Rs 150 to end at Rs 43,980 per kg as against Rs 43,830 yesterday.
Globally, gold edged higher as the dollar dropped and investors remained cautious ahead of the outcome of the US presidential elections.
Spot gold was up 0.2 per cent at USD 1,284.53 an ounce in early European trade. The metal posted the biggest daily loss in a month on Monday.
US gold futures were up 0.4 per cent at USD 1,284.90 an ounce.
Silver rose 0.5 per cent to USD 18.31 an ounce.
PTI
