Gold gains on moderate buying, silver slips

Gold prices gained further at the domestic bullion market today on moderate demand from stockists and traders.
In contrast, silver fell on heavy speculative selling pressure amid lower industrial demand.
Standard gold of 99.5 per cent purity rose by Rs 65 to end at Rs 29,605 per 10 gm from Tuesday's closing level of Rs 29,540.
Pure gold of 99.9 per cent purity also firmed up by a similar margin to finish at Rs 29,740 per 10 gm from Rs 29,675.
However, silver ready (.999 fineness) slipped by Rs 210 to close at Rs 54,565 per kg from Rs 54,775 previously.

In overseas market, gold mostly traded listless on investor cautiousness ahead of long Easter holidays and in the backdrop of banks in Cyprus opening for the first time in two weeks after stringent EU rescue package.
In Europe, gold was bid lower at USD 1,600.01 an ounce in early trade, while spot silver was bid down at USD 28.52 an ounce.