Gold prices went down by Rs 75 per 10 grams at the bullion market here today following a weak global trend coupled with muted demand from local jewellers.
While, silver prices recovered by Rs 20 per kg owing to renewed offtake from industrial units.
Standard gold (99.5 per cent purity) declined by Rs 75 to close at Rs 29,590 per 10 grams from its Wednesday's finish of Rs 29,665.
Pure gold (99.9 per cent purity) also fell by a similar margin to settle at Rs 29,740 per 10 grams as compared to Rs 29,815 yesterday.
However, silver (.999 fineness) rose by Rs 20 to end at Rs 37,890 from Rs 37,870 earlier.
Globally, gold prices held steady after an upbeat assessment of the US economy by the Federal Reserve and new trade tensions between Washington and Beijing boosted the dollar and the US bond yields.
Spot gold was flat at USD 1,215.81 an ounce in an early trade.
In other precious metals, silver was trading flat at USD 15.35 an ounce.
Disclaimer: No Business Standard Journalist was involved in creation of this content
