Gold prices slide below Rs 30k/10 gm on Dhanteras

Gold failed to sparkle on the auspicious ‘Dhanteras’ and fell further to quote below Rs 30,000 at the domestic bullion market here on Friday due to poor offtake by stockists and local buyers amid not so supportive global cues. The yellow metal witnessed some token buying though failed to take-off widely on the Dhanteras day’ which considered ‘auspicious’ by Hindus. In contrast, silver recovered marginally following mild offtake by consuming industries. Standard gold (99.5 purity) moved down by Rs 65 to finish at Rs 29,995 per 10 grams, from Thursday’s close of Rs 30,060. Pure gold (99.9 purity) also fell by a similar margin.