MUMBAI: Gold prices reacted downwards on the bullion market on Thursday on fresh stockists offerings at current levels inspite of higher overseas
Silver also eased on lack of industrial demand. Gold prices edged up in Europe as the dollar weakened against the euro, but trading was muted ahead of the Easter break. Spot gold rose to $882.85/883.85 an ounce from $879.55 late in New York on Wednesday.
However, spot silver was little changed at USD 12.27/34 an ounce from $12.25 previously.
Turning to the local market, standard gold (99.5 purity) dropped by Rs 116 per ten grams to Rs 14,305 from yesterday's close of Rs 14,421.
Pure gold (99.9 purity) also fell by Rs 115 per ten grams to Rs 14,370 from Rs 14,485.
Silver ready (.999 fineness) moved down by Rs 20 per kilo to Rs 21,125 from Rs 21,145.
