Gold-Silvers Falls

Advertisement Gold prices eased in listless trade at the domestic bullion market on reduced off-take from stockists and traders as well as lack of local buying interest at the existing levels. Silver also declined owing to speculative selling. Standard gold of 99.5% purity moved down Rs. 20 to close at Rs. 30,260 per 10 gm from Thursday's level of Rs. 30,280. Pure gold of 99.9% purity went down by Rs. 25 to finish at Rs. 30,405 per 10 gm from Rs. 30,430. Silver ready (.999 fineness) slipped by Rs. 220 to conclude at Rs. 51,595 per kg from Rs. 51,815 on Thursday. "Trading in gold was dull as global cues were also not supportive. Traders are resorting to a wait-and-watch approach," dealers said. At the overseas front, gold fell on investors profit taking as the rally after the Federal Reserve's surprise decision to maintain monetary stimulus ran out of steam. In London, spot gold was bid lower at $1,357.71 an ounce in early trade, while spot silver bid down at $22.72 an ounce.