Gold drifts on lower demand, silver firms up

Gold fell further by Rs 30 to Rs 27,175 per 10 grams at the bullion market here today due to lower offtake by stockists and lacklustre buying support.
On the other hand, silver firmed up modestly owing to good industrial demand.
Standard gold (99.5 purity) fell by Rs 30 to finish at Rs 27,175 per 10 grams from Thursday's closing level of Rs 27,205.
Pure gold (99.9 purity) also moved down by a similar margin to close at Rs 27,325 per 10 grams from Rs 27,355.
However, silver (.999 fineness) advanced by Rs 30 to conclude at Rs 39,625 per kg compared to Rs 39,595 yesterday.

On the global front, Gold rose in early European trade as the dollar's rally stalled ahead of US inflation data, but the precious metal was still on course for its biggest weekly decline in four weeks.
Spot gold rose at USD 1,211.98 an ounce in early trade and silver was up at USD 17.24 an ounce.