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Gold edges lower on poor buying sentiments, silver ends soft

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Press Trust of India Mumbai
Last Updated : Jul 17 2015 | 6:28 PM IST
Gold weakened further to languish its lowest level in four months at the domestic bullion market here due to lack of demand from stockists and retailers in the face of gloomy overseas sentiments.
Silver also remained under selling pressure and closed below the significant Rs 35,000-mark.
Standard gold (99.5 purity) moved down by Rs 15 to settle at Rs 25,770 per 10 grams from Thursday's level of Rs 25,785.
Pure gold (99.9 purity) also fell by a similar margin to settle at Rs 25,920 per 10 grams as against Rs 25,935.
Silver (.999 fineness) slipped by Rs 35 to finish at Rs 34,990 per kg compared to Rs 35,025 yesterday.
On the global front, the shiny-metal extended losses to trade at its lowest level this year on strong dollar value underpinned by tightening of monetary policy following robust US macro data.
Spot gold was marginally lower at USD 1,140.30 an ounce in early European trade and silver quoted little changed at USD 14.89 an ounce.

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First Published: Jul 17 2015 | 6:28 PM IST

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