Gold declines on weak demand, global cues

Gold prices declined further at the domestic bullion market here today largely in tandem with a weak global trend and lacklustre buying support from stockists and retailers.
Elsewhere, silver recovered slightly by Rs 30 per kg on mild offtake from industrial units.
Standard gold (99.5 purity) slipped by Rs 90 to end at Rs 29,785 per 10 grams from overnight closing level of Rs 29,875.
Pure gold (99.9 purity) also fell by a similar margin to finish at Rs 29,935 per 10 grams from Rs 30,025.
Silver (.999 fineness) gained Rs 30 to end at Rs 41,565 per kg as against Rs 41,535 yesterday.

In Europe, gold fell for a second session in a row on Tuesday as fears that Britain could vote to leave the European Union in Thursday's referendum receded.
Spot gold fell 0.8 percent to USD 1,280.31 an ounce in early trade, while U.S. Gold fell 0.7 percent to USD 1,283.40.
Among other precious metals, silver fell 0.7 per cent to USD 17.38 an ounce.