Gold, silver slip on fresh selling, global cues

Gold prices slipped at the domestic bullion market here today due to fresh bout of selling owing subdued offtake by stockist amid lack of local buying support coupled with bearish global cues.
Silver fell back after a brief overnight rebound on the back of reduced industrial demand.
Standard gold (99.5 purity) declined by Rs 60 to end at Rs 27,910 per 10 grams from Wednesday's closing level of Rs 27,970.
Pure gold (99.9 purity) also went down by a similar margin to conclude at Rs 28,060 per 10 grams from Rs 28,120.
Silver (.999 fineness) dropped by Rs 465 to finish at Rs 39,575 per kg as against Rs 40,040 yesterday.

At the global, gold prices dropped in early trade, as the dollar firmed up after the Federal Reserve signalled it was on track to lift interest rates this year.
Spot gold was down at USD 1,275.70 in early trade and Spot silver fell to USD 17.59 an ounce.