Gold turns weak; silver stable

Gold prices dropped further at the domestic bullion market here today on subdued offtake from stockists and jewellers coupled with lack of local buying interests.
Silver, however, held steady in the absence of any large-scale buying activity.
Standard gold (99.5 purity) fell by Rs 55 to close at Rs 29,140 per 10 gram from Thursday's finish of Rs 29,195.
Pure gold (99.9 purity) also fell by a similar margin to settle at Rs 29,290 per 10 grams as compared to Rs 29,345 yesterday.
While, silver (.999 fineness) closed unchanged from its yesterday's level of Rs 39,385 per kg.
Globally, Gold prices traded in a narrow range, below the previous sessions high, as the dollar steadied amid caution ahead of US jobs data later in the day.

Spot gold was mostly unchanged at USD 1,275.82 per ounce at early trade, and was on track for its first weekly gain in three.
In other precious metals, spot silver inched 0.1 per cent lower to USD 17.09 an ounce.