MUMBAI: Gold prices dropped further on the bullion market here today on sustained selling by stockists following weakening trend in
overseas markets.
Silver also declined due to subdued industrial demand. Gold futures ended slightly down on Monday as the US dollar fluctuated against its major rivals.
August gold fell by 30 cents to end at $940.70 an ounce on the Comex Division of the New York Mercantile Exchange.
Silver July also lost by 18.1 cents or 1.3 per cent to $13.847 an ounce.
In the domestic market, standard gold (99.5 purity) fell by Rs 60 per ten grams to Rs 14,580 from yesterday's closing level of Rs 14,640.
Pure gold (99.9 purity) also dropped by Rs 65 per ten grams to Rs 14,645 from Rs 14,710 previously.
Silver ready (.999 fineness) finished lower by Rs 75 per kilo to Rs 22,760 as against Rs 22,835 on Tuesday.
