Gold slides by Rs 210 on subdued demand from jewellers

Gold prices fell by Rs 210 per 10 grams at the bullion market here today, snapping its five-day rising streak due to subdued demand from local jewellers and weak trend overseas.
Silver too dropped by Rs 380 per kg dragged lower by industrial units and coin makers.
Standard gold (99.5 purity) fell by Rs 210 to close at Rs 30,235 per 10 grams from last Thursday's closing level of Rs 30,445.
Pure gold (99.9 purity) also moved down by a similar margin to end at Rs 30,385 per 10 grams as against to Rs 30,595 previously.
Silver (.999 fineness) dipped by Rs 380 to finish at Rs 39,385 per kg as against Rs 39,765.

Globally, gold dipped as a revival in the dollar prompted some buyers to cash in gains in the metal after its sixth weekly price increase in seven weeks.
Spot gold was down 0.2 per cent at USD 1,437.56 an ounce at early trade.
Among other precious metals, silver was down 0.1 per cent at USD 17.37 per ounce.