 "Gold up 6.7% in Jan on renewed prospect as safe asset")
Gold prices slipped by Rs 115 per ten grams at the bullion market here today following fresh selling by stockists and investors coupled with subdued local buying interest amid weak global cues.
Silver dropped on speculative profit-booking after its recent rally on the back of reduced industrial buying.
Standard gold (99.5 purity) declined by Rs 115 to end at Rs 30,820 per 10 grams from last Friday's closing level of Rs 30,935.
Pure gold (99.9 purity) also moved down by a similar margin of Rs 115 to Rs 30,970 per 10 grams as compared to Rs 31,085 last weekend.
Silver (.999 fineness) dipped by Rs 840 to conclude at Rs 46,710 per kg as against Rs 47,550 previously.
Globally, Gold fell one percent in early trade as European equities rose as investor jitters calmed following a failed coup attempt in Turkey.
Spot gold fell to a session low of $1,324.10 an ounce. Bullion fell over 2% last week, its first weekly decline in seven weeks, as investors piled cash into riskier assets. US gold was down 0.2% at $1,325 an ounce.
Among other precious metals, spot silver was down 2.2% at $19.75 an ounce.
