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Gold, silver slip on modest profit-taking

While gold lost Rs 40 to Rs 28,490 per 10 grams, silver dropped by Rs 800 to Rs 56,500 per kg on reduced offtake by jewellers and industrial units.

twitter-logoPTI | February 9, 2012 | Updated 21:22 IST

Gold and silver prices eased at the bullion market on modest profit-selling by speculators amidst reduced buying interest at the existing levels following bearishness at the international markets.

Standard gold of 99.5 per cent purity moved down by Rs 45 to end at Rs 28,075 per 10 grams from Wednesday's closing level of Rs 28,120.

Pure gold of 99.9 per cent purity went down by Rs 50 to finish at Rs 28,205 per 10 grams as against Rs 28,255 yesterday.

Silver ready (.999 fineness) declined by Rs 215 per kg to close at Rs 56,360 per kg from overnight level of Rs 56,575.

In New York, gold witnessed profit selling on higher dollar amidst stalled Greek bail out talks.

Gold for April delivery fell by $17.10 to $1,731.30 an ounce on the Comex division of the NYMEX late yesterday.

March silver was down by 49 cents to $33.70 an ounce.

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