Gold prices slipped at the domestic bullion market on Wednesday on moderate profit-selling by stockists and investors amidst lower jewellery demand on the back of bearish international market.
Silver traded weak on continued speculative sell-off in the absences of industrial demand.
Standard gold of 99.5 per cent purity declined by Rs 125 to close at Rs 27,680 per 10 grams from Tuesday’s closing level of Rs 27,805.
Pure gold of 99.9 per cent purity also went down by Rs 130 to finish at Rs 27,805 per 10 grams from Rs 27,935.
Silver ready (.999 fineness) dipped by Rs 225 per kg to end at Rs 57,520 from previous closing level of Rs 57,745.
In New York, gold ended six-weeks low on worries over global economic situation as well as euro-zone crisis.
Gold for April delivery fell by USD 31.80 to USD 1,672.10 an ounce on the Comex division of the NYMEX late Tuesday.
Silver for May contract shed by 91 cents to USD 32.78 an ounce.
