Mumbai, Dec 4 (PTI) Gold prices declined on the bullion market here today on renewed stockists offerings on the back of negative global advices.
Silver, however, moved up on good industrial demand.
Gold prices slipped in Europe as the dollar firmed up against the Euro ahead of an expected rate cut by the European Central Bank later in the session, and oil prices fell one US dollar per barrel.
Investors are eyeing rate cuts this session from both ECB and Bank of England and also key U.S. Jobs data on Friday for clues as the future direction of trade.
Spot gold slid to USD 769.25/771.25 an ounce from USD 772.60 an ounce in New York late yesterday.
Turning to the local market, standard gold (99.5 purity) dropped by Rs 125 per ten grams to Rs 12,490 from Rs 12,615 previously.
Pure gold (99.9 purity) also fell by Rs 120 per ten grams to Rs 12,555 from Rs 12,675.
However, silver ready (.999 fineness) moved up by Rs 70 per kilo to Rs 16,685 from Rs 16,615. PTI
