Gold slips to Rs.29,050 per 10 grams

After rising for 11 days, the prices of gold slipped from a 21-month high by Rs.600 to Rs.29,050 per 10 grams at the bullion market due to fall in demand.

The price of silver has also dropped by Rs.50 at Rs.37,800 per kg due to less offtake by coin makers and industrial units.