Gold, silver decline on tepid demand

Gold prices declined marginally for the eight straight session by Rs 5 per 10 grams today, due to subdued demand from local jewellers.
Silver was also in a tight spot, easing another Rs 70 to Rs 37,280 per kg.
Standard gold (99.5 purity) eased by Rs 5 to end at Rs 28,085 per 10 grams from Wednesday's closing level of Rs 28,090.
Pure gold (99.9 purity) also moved down by a similar margin to conclude at Rs 28,235 per 10 grams as compared to Rs 28,240 previously.
Silver (.999 fineness) fell by Rs 70 per kg to close at Rs 37,280.

Globally, Gold prices ended higher yesterday, getting a boost as downbeat US economic data and North Korea's ballistic-missile test drew investor interest to the precious metal.
August gold tacked on USD 2.50, or 0.2 per cent, to settle at USD 1,221.70 an ounce, while September silver split with its sister metal, falling 19.6 cents, or 1.2 per cent, to its lowest level of the year of USD 15.896 on ounce.