Gold eases in listless trade, silver gains

MUMBAI: Gold prices eased in listless trade at the domestic bullion market today, following lack of buying interest from stockists and investors at the existing levels.

Silver moved up further on good speculative off-take amid industrial buying.

Standard gold (99.5 purity) went down by Rs 10 to close at Rs 29,755 per 10 grams from Monday's closing level of Rs 29,765.

Pure gold (99.9 purity) edged down by a similar margin to finish at Rs 29,890 per 10 grams from Rs 29,900.

However, silver ready (.999 fineness) rose by Rs 35 per kg to conclude at Rs 53,715, as against Rs 53,680 yesterday.

In New York, gold closed higher on lower dollar, as investors assessed implications of the stronger-than-expected growth in the US job data.

Gold for December delivery gained $ 6.90 to $ 1,616.20 an ounce on the Comex division of NYMEX late yesterday.

Silver for September contract added 6 cents to $ 27.86 an ounce.