TIL Desk/Business/Mumbai/ Gold prices dropped further at the domestic bullion market here today on subdued offtake from stockists and jewellers coupled with lack of local buying interest. Silver, however, held steady in the absence of any large scale buying activity.
Standard gold (99.5 purity) fell by Rs 100 to close at Rs 30,440 per 10 grams from Thursday’s finish of Rs 30,540.Pure gold (99.9 purity) also fell by a similar margin to settle at Rs 30,590 per 10 grams as compared to Rs 30,690 yesterday.
Silver (.999 fineness) closed unchanged from yesterday’s level of Rs 37,900 per kg.Globally, gold steadied ahead of US payrolls data that is being closely watched for its implications for interest rate policy, though concerns over a China-US trade standoff kept prices underpinned.
Spot gold was at USD 1,325.46 an ounce at early trade, down 0.1 per cent and off an earlier high of USD 1,333.28.Among other precious metals, silver was down 0.2 per cent at USD 16.31 an ounce.
