Gold, silver prices slide in listless trade, bearish global cues

Gold prices declined further at the domestic bullion market today on consistent selling by investors and traders amidst bearish global trend.

Silver also continued its downtrend amidst weak industrial demand.

Standard gold (99.5 purity) eased by Rs 60 to end at Rs 29,140 per 10 grams from Wednesday's closing level of Rs 29,200.

Pure gold (99.9 purity) went down by Rs 50 to close at Rs 29,275 per 10 grams from Rs 29,325.

Silver ready (.999 fineness) dipped by Rs 325 per kg to finish at Rs 52,345 from Rs 52,670 yesterday.

"The market is witnessing listless trade in the absence of strong demand and uncertain overseas sentiment, traders said.

In Europe, gold fell on cautiousness amidst disappointment over the US Federal Reserve's policy meeting not indicating further stimulus measures.

Spot gold was bid down at USD 1,565.96 an ounce in early trade and silver bid lower USD 26.76 an ounce.

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