Gold extends gains on global cues; silver slips

Gold extended its gain by adding another Rs 50 to Rs 30,090 per 10 grams today, mainly driven by a firm global trend and pick up in wedding season demand from local jewellers and retailers.
While, silver slipped owing to speculative selling and lower industrial demand.
Standard gold (99.5 per cent purity) rose by Rs 50 to close at Rs 30,090 per 10 grams from Monday's level of Rs 30,040.
Pure gold (99.9 per cent purity) also moved up by a similar margin to end at Rs 30,240 per 10 grams against Rs 30,190 previously.
Silver (.999 fineness) slipped by Rs 125 to conclude at Rs 38,760 per kg as against Rs 38,885.

Globally, gold prices edged up as the dollar hovered around three-year lows, with a surge in global equities capping further gains after a US government shutdown came to a halt.
Spot gold rose 0.2 per cent to USD 1,336.26 per ounce at early trade.
In other precious metals, silver rose 0.2 per cent to USD 17.04 per ounce.