Mumbai:- Gold prices slipped at the domestic bullion market here today on subdued offtake from stockists and jewellers coupled with lack of local buying interests as well as weak global cues.
Silver too fell on sustained selling and lack of industrial buying support.
Standard gold (99.5 purity) declined by Rs 145 to close at Rs 28,035 per 10 grams from Thursday’s finish of Rs 28,180.
Pure gold (99.9 purity) also fell by a similar margin to settle at Rs 28,185 per 10 grams as compared to Rs 28,330 yesterday.
Silver (.999 fineness) declined by Rs 185 to end at Rs 41,565 from Rs 41,750 earlier.
Globally, gold edged lower and was headed for a fifth straight weekly decline, weighed down by a stronger US dollar and expectations of a Federal Reserve rate hike next week.
Spot gold had declined 0.1 percent to USD 1,169.51 an ounce in early trade, and was down about 0.6 percent for the week.
Elsewhere, silver was down 0.2 percent at USD 16.97 an ounce.
PTI
