Gold slides on poor demand, silver tumbles below 35k level

Gold prices continued to slide at the domestic bullion market here due to reduced demand from jewellery stockists and traders in the face of lacklustre overseas sentiments.
Elsewhere, silver plummeted sharply to close below the key Rs 35,000 mark on heavy speculative unwinding.
Standard gold (99.5 purity) declined by Rs 35 to end at Rs 25,910 per 10 grams from Monday's close of Rs 25,945.
Pure gold (99.9 purity) also fell by a similar margin to settle at Rs 26,060 per 10 grams compared to Rs 26,095 earlier.
Silver (.999 fineness) slumped by Rs 330 per kg to conclude at Rs 34,830 against Rs 35,160 yesterday.

In worldwide trade, the shiny-metal remained sluggish locked in its sideways range as traders kept a cautious footing ahead of the much awaited Federal Open Market Committee's two-day policy meet scheduled to begin tomorrow.
Spot gold was little changed at USD 1,107 an ounce in early European trade, while silver quoted soft at USD 14.35 an ounce.