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Last Updated : Dec 02, 2015 06:56 PM IST | Source: PTI

Gold slips on global cues, silver holds steady

Globally, gold retreated on early European trade, snapping two days of gains, as the dollar rose against the euro ahead of expected further stimulus from the European Central Bank on Thursday, and US payrolls data later in the week.


Gold prices slipped marginally at the bullion market here today on lower offtake from stockists and investors amid subdued local buying interest.

However, silver held steady in the absence of buying support. Standard gold (99.5 purity) slid by Rs 10 to finish at Rs 25,195 per 10 grams from yesterday's closing level of Rs 25,205.


Pure gold (99.9 purity) also moved down to end at Rs 25,345 per 10 grams as compared to Rs 25,355. Silver (.999 fineness) closed unchanged at Rs 34,665 per kilo.

Globally, gold retreated on early European trade, snapping two days of gains, as the dollar rose against the euro ahead of expected further stimulus from the European Central Bank on Thursday, and US payrolls data later in the week.

Spot gold was down 0.3 percent at USD 1,066.70 an ounce at early trade. Last week, it slid to its lowest since February 2010 at USD 1,052.46, while silver was down 0.2 percent at USD 14.12 an ounce. 

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First Published on Dec 2, 2015 06:56 pm
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