Gold, silver ease on weak demand

Gold prices eased further at the domestic bullion market today due to weak demand from jewellers and retailers amidst lack of local buying support.
Elsewhere, silver also extended its fall owing to speculative sell-off and sluggish industrial offtake.
Standard gold (99.5 purity) moved down by Rs 40 to end at Rs 26,600 per 10 grams from Thursday's level of Rs 26,640.
Pure gold (99.9 purity) also went down by a similar margin to close at Rs 26,750 per 10 grams as against Rs 26,790 yesterday.
Silver (.999 fineness) declined by Rs 120 to finish at Rs 36,615 per kg as compared to Rs 36,735 previously.

At the global market, London gold rose in early trade as lower European shares, boosted demand for assets perceived as safe but the metal looked set to post its third straight weekly loss, weighed down by a strong dollar.
Bullion ended 2014 nearly 2 per cent down following a 28 per cent slump in the previous year.
Spot gold was up at USD 1,185.70 an ounce in morning trade and silver rose to USD 15.80 an ounce.