Gold slips on subdued demand, silver eases

Gold prices slipped by Rs 85 after yesterday's modest gain to finish at Rs 29,360 per 10 grams at the bullion market here today following subdued demand from stockists and retailers.
Silver eased further on mild speculative selling and lower industrial buying.
Standard gold (99.5 purity) declined by Rs 85 to end at Rs 29,360 per 10 grams from Thursday's level of Rs 29,445.
Pure gold (99.9 purity) also moved down by similar margin to finish at Rs 29,510 per 10 grams compared to Rs 29,595 yesterday.
However, silver (.999 fineness) edged down by Rs 10 per kg to close at Rs 38,850 against Rs 38,860 previously.

Globally, gold steadied above a two-month low ahead of hotly anticipated US payrolls data, but stayed on track for a fourth straight weekly loss as the dollar rose to its highest in more than seven weeks.
Spot gold was trading flat at USD 1,267.46 an ounce in early European trade, while silver was up at USD 16.59 an ounce.