Gold, silver ease on subdued demand; global cues

Gold prices eased further at the domestic bullion market here today on lower demand from investors and stockists as well as poor local buying interest on the back of lower global cues.
Silver too cracked on speculative selling coupled with lower industrial demand.
Standard gold (99.5 purity) eased by Rs 15 to close at Rs 29,050 per 10 grams from yesterday's level of Rs 29,065.
Pure gold (99.9 purity) also moved down by a similar margin to end at Rs 29,200 per 10 grams against Rs 29,215 previously.
Silver (.999 fineness) fell by Rs 125 to conclude at Rs 41,485 per kg as against Rs 41,610 previously.

Globally, gold prices dipped as investors expect the US President-elect Donald Trump to calm markets with a return to conciliatory language in his inaugural address.
Spot gold was down 0.5 per cent at USD 1,199.09 per ounce at early trade, while the US gold futures fell 0.2 per cent to USD 1,199.50.
In other precious metals, silver shed 0.8 per cent to USD 16.87 an ounce.