Gold slips on subdued demand, silver gains

Gold prices slipped at the domestic bullion market here today on subdued demand from stockists and retailers amidst bearish overseas sentiment.
On the other hand, silver advanced further owing to sustained industrial offtake.
Standard gold (99.5 purity) fell by Rs 105 to conclude at Rs 27,920 per 10 grams from the last Saturday's closing level of Rs 28,025.
Pure gold (99.9 purity) also moved down by a similar margin to end at Rs 28,070 per 10 grams as against Rs 28,175 last weekend.
However, silver (.999 fineness) climbed by Rs 115 to close at Rs 38,875 per kg as compared to Rs 38,760 previously.

On the global front, gold prices eased in early trade as buyers cashed in gains after the metal posted its biggest monthly rise in three years, but a shaky outlook for the global economy underpinned its appeal as a haven from risk.
Spot gold was bid down at USD 1276.80 in early European trading and silver moved down at USD 17.15 an ounce.