Gold ends sluggish amid weak global cues; silver rebounds

Jul 23 2014, 18:33 IST
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Pure gold (99.9 purity) also fell by a similar margin to settle at Rs 28,095 per 10 grams from Rs 28,110.(Thinkstock) Pure gold (99.9 purity) also fell by a similar margin to settle at Rs 28,095 per 10 grams from Rs 28,110.(Thinkstock)
SummaryStandard gold (99.5 purity) moved down by Rs 15 to end at Rs 27,945 per 10 grams compared to Tuesday's closing level of Rs 27,960.

Gold prices eased further an otherwise listless session at the bullion market here today amid subdued stockists demand as well as lack of retail buying interest at exiting levels.

In contrast, silver rebounded modestly on the back of stray industrial support.

Standard gold (99.5 purity) moved down by Rs 15 to end at Rs 27,945 per 10 grams compared to Tuesday's closing level of Rs 27,960.

Pure gold (99.9 purity) also fell by a similar margin to settle at Rs 28,095 per 10 grams from Rs 28,110.

Silver (.999 fineness), however, edged higher by Rs 60 to finish at Rs 45,595 per kg compared to Rs 45,535 yesterday.

Globally, the shiny metal extended losses in overseas trade following robust US macro data as well as strong earnings seasons despite ongoing geopolitical unrest.

Gold for August delivery finished at $1,306.30 an ounce on the Comex division of the NYMEX late yesterday, while silver September contract closed flat at USD 21 an ounce.

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