Gold, silver fall on muted demand

Gold prices eased by Rs 75 per 10 gram at the bullion market here today, owing to slackened demand from jewellers and customers at the prevailing levels.
Silver also dropped due to reduced offtake by industrial users.
Standard gold (99.5 purity) declined by Rs 75 to end at Rs 29,275 per 10 gram from yesterday's level of Rs 29,350.
Pure gold (99.9 purity) also moved down to close at Rs 29,425 per 10 gram as compared to Rs 29,500.
Silver (.999 fineness) fell by Rs 110 per kg to finish at Rs 42,445 from Rs 42,555 yesterday.
Globally, gold remained steady after its biggest one-day drop in over six weeks, finding support from a retreat in the dollar and concerns about the North Korea and the French elections.

Spot gold was at USD 1,278.26 an ounce at early trade, little changed from USD 1,278.91 late on Wednesday.
Silver was 0.6 per cent higher at USD 18.187.