Gold, silver prices fall on global cues

Gold prices slipped at the domestic bullion market here today following reduced offtake from stockists and investors driven by a turnaround at the international markets.
Silver extended its fall for the third day on speculative selling on weak industrial demand.
Standard gold (99.5 purity) dropped by Rs 175 to end at Rs 29,730 per 10 grams from last Friday's closing level of Rs 29,905.
Pure gold (99.9 purity) also fell by a similar margin to conclude at Rs 29,880 per 10 grams as compared to Rs 30,055 previously.
Silver (.999 fineness) declined by Rs 365 per kg to close at Rs 40,090 as against Rs 40,455 earlier.

Globally, Gold hit a two and a half week low as the dollar rose ahead of a two-day Federal Reserve meeting and as global equities surged.
Spot gold was down 0.3 per cent at USD 1,314.41 an ounce at early trade.
Silver slipped 0.4 per cent to USD 17.51 an ounce, after earlier hitting its lowest since Sept 1.