Gold prices dropped further at the
domestic bullion market here on Monday due to reduced off-take
from jewellery stockists and traders amid weak global
Silver, on the other hand closed virtually steady in the
absence of necessary buying support from industrial users.
Standard gold (99.5 purity) slipped by Rs 90 to end at Rs
27,770 per 10 grams against Saturday's level of Rs 27,860.
Pure gold (99.9 purity) also shed similar margin to finish
at Rs 27,920 per 10 grams from Rs 28,010.
Silver (.999 fineness), however, was unaltered at the last
weekend level of Rs 43,165 per kg.
Globally, the yellow-metal mostly traded range-bound on
investors' caution and even failed to find support from the
escalating geopolitical tensions in Ukraine as a stronger
dollar offset the metal's safe-haven appeal.
Spot gold was steady at USD 1,287.70 an ounce in early