Gold declines on subdued demand; silver edges up

Gold prices declined at the domestic bullion market here today on subdued demand from jewellery stockist as well as lack of retail buying support amid weak global sentiments.
In contrast, silver gained further ground on stray demand from consuming industries.
Standard gold (99.5 purity) dropped by Rs 115 to end at Rs 27,290 per 10 grams from Thursday's closing level of Rs 27,405.
Pure gold (99.9 purity) also fell by a similar margin to close at Rs 27,440 per 10 grams from Rs 27,555 earlier.
However, silver (.999 fineness) moved-up modestly by Rs 20 to finish at Rs 39,885 per kg as against Rs 39,865 yesterday.

On the global front, Gold fell from three-month highs in early European trade as the dollar firmed, but stayed on track for its biggest weekly gain since mid-January as a spate of soft economic data dented expectations for an imminent rise in US interest rates.
Spot gold fell at USD 1,214.10 an ounce in early European trade and silver was down at USD 17.36 an ounce.