Gold eases on subdued demand, global cues

Gold prices eased further at the domestic bullion market here on sustained stockists and jewellery traders amidst weak global cues.
While, silver, on the other rose further owing to persistent offtake from industrial users and speculative traders.
Standard gold (99.5 purity) declined up by Rs 35 to close at Rs 31,105 per 10 grams from Monday's level of Rs 31,140.
Pure gold (99.9 purity) also moved down by a similar margin to end at Rs 31,255 per 10 grams against Rs 31,290, previously.
However, silver (.999 fineness) climbed by Rs 280 per kg to conclude at Rs 45,215 compared to Rs 44,935 yesterday.

On the global front, Gold fell in early trade after Federal Reserve officials sounded a hawkish note on interest rates, boosting the dollar, while attention turned to US payrolls data this week for further clues on the pace of rate hikes.
Spot gold down 0.2 percent at USD 1,320.33 an ounce in early European trade.
Silver was down at USD 18.77 per ounce, having hit a two-month low of USD 18.36 in the previous session.