Gold declines on signs of slowing physical demand

LONDON: Gold fell as investors weighed slowing physical demand against concern that global growth may be faltering.

Gold fell 0.2 per cent to $ 1,255.13 an ounce, while silver for immediate delivery rose 0.2 per cent to $ 19.37 an ounce.

Meanwhile, bullion rose 1.1 per cent yesterday, the most since January 23, as global equities declined and a selloff in emerging-market currencies accelerated after Institute for Supply Management data signalled a slowdown in US manufacturing.