Gold prices snapped its gaining spree and dropped by Rs 60 per 10 grams on the bullion market here today due to fresh offerings by stockists on the back of fall in the overseas markets.
Silver also fell in unison coupled with lack of demand from industrial users.
Gold prices eased in Europe on lack of buying enquiries in view of rise in equity markets. Spot gold declined to $922.80/924.30 an ounce from $927.90 late in New York on Friday. Spot silver also slipped to $13.01/13.08 an ounce from $13.17.
Moving to the domestic market, standard gold (99.5 purity) dropped by Rs 60 per 10 grams to Rs 15,205 from the Saturday's closing level of Rs 15,265.
Pure gold (99.9 purity) also fell by Rs 65 per 10 grams to Rs 15,270 from 15,335.
Silver ready (.999 fineness) moved down by Rs 35 per kilo to Rs 22,260 from Rs 22,295.
