Gold prices slipped in the national capital by Rs 25 to Rs 13,490 per 10 gram on selling by stockists amidst weak overseas markets, reports Economic Times. Silver was up by Rs 100 at Rs 18,450 per kg.
Metal traded lower on Friday as the dollar strengthened against the euro after a government report showed that US unemployment data eased, reducing demand for gold as an inflation hedge.
Gold fell due to off marriage and festival season, while industrial buying in silver kept the white metal prices up
Meanwhile, standard gold and ornaments declined by Rs 25 each at Rs 13,490 and Rs 13,340 per ten gram respectively. Sovereign held unchanged at Rs 10,725 per piece of eight gram.
Silver ready rose further by Rs 100 at Rs 18,450 per kg and weekly-based delivery by Rs 30 at Rs 18,420 per kg.
