Gold down Rs 65 on low demand, global cues

Gold prices went down at the domestic bullion market here today in line with a weak movement overseas and easing demand from local jewellers.

Silver prices, too, dropped owing to lack of industrial buying support.

Standard gold (99.5 per cent purity) fell by Rs 65 to close at Rs 30,480 per 10 grams from its Wednesday's closing level of Rs 30,545.

Pure gold (99.9 per cent purity) also moved down by a similar margin to end at Rs 30,630 per 10 grams as against Rs 30,695 previously.

Silver (.999 fineness) dipped by Rs 135 to finish at Rs 39,490 per kg as against Rs 39,625.

Globally, gold fell to its lowest in more than six months as the dollar held nearly a one-year high, propelled by mounting pressure from a US-driven trade dispute that has led investors to dump equities.

Spot gold was trading flat at USD 1,250.80 an ounce in early trade.

In other precious metals, spot silver was trading 0.3 per cent higher at USD 16.10 an ounce.