Gold, silver extend fall on muted demand, weak global cues

Gold prices dropped for the third straight session on the domestic bullion market today due to steady selling by stockists and traders as well as muted local demand coupled with subdued overseas cues.
Silver also declined further owing to speculative selling and reduced industrial off-take.
Standard gold of 99.5 per cent purity eased Rs 65 to close at Rs 30,215 per 10 gm from Wednesday's closing level of Rs 30,280.
Pure gold of 99.9 per cent purity moved down by Rs 55 to finish at Rs 30,365 per 10 gm from Rs 30,420.
Silver ready (.999 fineness) fell by Rs 205 to settle at Rs 52,430 per kg from Rs 52,635 yesterday.

At the global front, gold fell to a four-week low on diminishing possibility of US-led military strike against Syria and prevailing uncertainty over the timing of withdrawal of monetary stimulus by Federal Reserve.
In London, gold was bid lower at USD 1,342.56 an ounce in early trade and spot silver bid down at USD 23.63 an ounce.