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Gold on the Mumbai spot market feel below Rs 30,000 per 10 gram on the back weak demand due to Pitru paksha which Indians believe is not a good time to buy gold. Also, internationally bullion took a hit on Friday as Federal Reserve said that they may not wait till December, but may start QE tapering by October itself which had an impact on Indian gold prices as well.

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	Gold on the Mumbai spot market feel below Rs 30,000 per 10 gram on the back weak demand due to Pitru paksha which Indians believe is not a good time to buy gold.<br />
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	Also, internationally bullion took a hit on Friday as Federal Reserve said that they may not wait till December, but may start QE tapering by October itself which had an impact on Indian gold prices as well.&nbsp;</div>
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	Gold on the Mumbai spot market closed at Rs 29,790 per 10 grams, down by 0.7%, while silver closed down by 1% to Rs 49,765 per kg. &nbsp;</div>

Gold below Rs 30,000 in Mumbai spot market

Silver was down 1% at Rs 49,765 per kg

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