Gold prices slipped modestly by Rs 70 per 10 gram here today following weak demand from stockists and retailers despite firm trend overseas.
While, silver prices rose by Rs 30 per kg owing to mild offtake by industrial users.
Standard gold (99.5 per cent purity) fell by Rs 70 to Rs 29,920 per 10 grams from Monday's closing of Rs 29,990.
Pure gold (99.9 per cent purity) also moved down by a similar margin to finish at Rs 30,070 per 10 grams as compared to Rs 30,140 previously.
However, silver (.999 fineness) moved up by Rs 30 per kg to Rs 38,205 as against Rs 38,175 yesterday.
Globally, gold ticked higher as the dollar slipped, but struggled to stabilise after weeks of losses.
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Spot gold was 0.2 per cent firmer at USD 1,226.31 an ounce in early trade.
Silver rose 0.8 per cent to USD 15.48 per ounce.