Gold falls for third day on lacklustre buying; silver tumbles

Notwithstanding firm overseas trend, gold prices continued their slide for the third day at the domestic bullion market here due to lack of demand from jewellery stockists and retail consumers.
Elsewhere, silver also remained under intense selling pressure on the back of sustained speculative unwinding.
Standard gold (99.5 purity) moved down by Rs 30 to finish at Rs 26,755 per 10 grams from overnight closing level of Rs 26,785.
Pure gold (99.9 purity) also lost by a similar margin to end at Rs 26,905 per 10 grams as against Rs 26,935 yesterday.
Silver (.999 fineness) dropped by Rs 330 to conclude at Rs 37,090 per kg compared to Thursday's level of Rs 37,420.

In worldwide trade, the shiny-metal edged higher, snapping a three-session downslide amid extreme caution ahead of much awaited US jobs report later in the day.
Spot gold was higher at USD 1,211.96 an ounce in early European trading, while silver were little changed at USD 16.377 a ounce.