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Gold continued its downtrend on sustained selling by stockists and speculators amidst lack of local buying interest.
Silver recovered on fresh speculative off—take coupled with good industrial support in view of firm global cues.
Standard gold (99.5 purity) fell by Rs 171 to quote at Rs 29,014 per 10 grams from Monday’s level of Rs 29,185.
Pure gold (99.9 purity) also dropped by Rs 192 to Rs 29,162 per 10 grams as against Rs 29,354 previously, according to Riddisiddhi Bullions Ltd.
However, silver (.999 fineness) climbed by Rs 245 to Rs 44,345 per kg from Rs 44,100 yesterday.
Globally, gold edged higher in early trade on doubts about global growth and geopolitical tensions, as the dollar steadied on expectations of higher US interest rates.
In London, spot gold rose to $1,313.99 an ounce in the morning trade and silver also gained to $20.16 an ounce.
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