Gold, silver decline further on global cues

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Press Trust of India Mumbai
Last Updated : Sep 27 2016 | 6:22 PM IST
Gold prices decline further at the domestic bullion market here today on subdued investors offtake as well as poor demand from stockists and jewellers restricted by cautious overseas sentiments.
Silver also fell further for the third session owing to lack of industrial buying support.
Standard gold (99.5 purity) declined by Rs 65 to close at Rs 31,320 per 10 grams from Monday's finish of Rs 31,385.
Pure gold (99.9 purity) also fell by a similar margin to settle at Rs 31,470 per 10 grams as compared to Rs 31,535 yesterday.
Silver (.999 fineness) moved down by Rs 180 to end at Rs 46,255 from Rs 46,435 earlier.
In worldwide trade, gold fell as the dollar and stocks gained ground on the view that US presidential candidate Hillary Clinton got the better of rival Donald Trump in their first debate.
Spot gold was down 0.1 percent at USD 1,336.82 an ounce in early European trade, snapping a six-day winning streak.
US gold futures eased 0.3 percent to USD 1,340.80 an ounce.
Among other precious metals, silver edged 0.1 per cent higher to USD 19.42 an ounce after falling 1.2 percent in the previous session, which was its biggest loss over two weeks.

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First Published: Sep 27 2016 | 6:22 PM IST

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