Mumbai, Dec 20 (PTI) Gold prices slipped at the bullion market here today on reduced demand from stockists and jewellers on the back of lower global cues.
Silver too cracked on speculative selling coupled with lower industrial demand.
Standard gold (99.5 purity) fell by Rs 65 per 10 grams to end at Rs 27,350 from Monday’s closing level of Rs 27,415.
Pure gold (99.9 purity) also declined by a similar margin to finish at Rs 27,500 per 10 grams as against Rs 27,565 previously.
Silver (.999 fineness) fell by Rs 340 to conclude at Rs 39,380 per kg as against Rs 39,720 previously.
Globally, gold fell as the dollar rose and investors sold on expectations of stronger global economic growth and higher US interest rates.
Spot gold was down 0.4 percent to USD 1,133.25 an ounce in early trade. Last week it fell to USD 1,122.35, its lowest since early February.
US gold futures slipped 0.6 per cent to USD 1,135.30 per ounce.
Silver fell 0.6 percent to USD 15.84 an ounce from an earlier USD 15.74, its lowest since April.
