Gold moves down on lacklustre buying, global sluggishness

Gold prices weakened further in a narrowly range-bound trade at the domestic bullion market due to slackened demand from jewellers as well as poor local buying interest at exiting levels.
While, silver settled a tad higher with mild industrial support.
Standard gold (99.5 purity) eased by Rs 15 to finish at Rs 24,590 per 10 gram from Thursday's closing level of Rs 24,605.
Pure gold (99.9 purity) also edged down by a similar margin to end at Rs 24,740 per 10 gm compared to Rs 24,755.
However, silver (.999 fineness) inched up by Rs 5 to close at Rs 34,145 per kg against overnight level of Rs 34,140.

In worldwide trade, the shiny-metal struggled to pull away from its 5-1/2-year low and traded virtually flat after upbeat US macro data bolstered expectations of an imminent Fed rate hike.
Spot gold was little changed at USD 1,085.90 an ounce in early European trade and silver quoted at USD 14.57 an ounce.