Gold softens on muted demand; silver firms up

Gold prices weakened further by Rs 90 per ten grams at the bullion market today due to slackened demand from jewellers at prevailing levels, even as the metal strengthened overseas.
Silver extended its gains for the sixth day by gaining Rs 100 per kg on hectic demand from industrial units.
Standard gold (99.5 purity) declined by Rs 90 to end at Rs 28,635 per 10 grams from Wednesday's closing level of Rs 28,725.
Pure gold (99.9 purity) also shed by a similar margin to end at Rs 28,785 per 10 grams compared to Rs 28,875 earlier.
Silver (.999 fineness) rose by Rs 100 to conclude at Rs 39,450 per kg as against Rs 39,350 previously.

Globally, Gold prices rose as the dollar weakened and stock markets fell after a delayed US healthcare bill increased doubts about President Donald Trump's ability to pass economic stimulus measures.
Spot gold was up 0.5 per cent at USD 1,252.65 an ounce at early trade, while US gold futures were 0.5 per cent higher at USD 1,253.10 an ounce.
In other precious metals, spot silver was up 1 per cent at USD 16.84 an ounce.