Mumbai, July 15: Gold prices eased at the bullion market here today due to mild profit taking at the current level by stockists and jewellers on the back bearish trend in New York.
Silver, however, gained further on higher industrial offtake.
Standard gold (99.5 purity) declined by Rs 20 per ten grams to close at Rs 18,440 from the yesterday’s level of Rs 18,460.
Pure gold (99.9 purity) fell by Rs 25 per ten grams to finish at Rs 18,525 as against Rs 18,550 previously.
However, silver ready (.999 fineness) firmed up by Rs 95 per kilo to end at Rs 29,700 from Rs 29,605 yesterday.
In New York, gold August delivery lost USD 6.50 to settle at USD 1,207 an ounce on the Comex division of the NYMEX.
September silver was up at USD 18.29 from USD 18.26 an ounce.
–Agencies