Gold prices rise gains on sustained demand; silver falls

Gold prices gained further at the bullion market here today following sustained demand from stockists and retailers amid firm global cues.

However, silver prices slipped modestly, due to subdued demand from industrial units.

Standard gold (99.5 percent purity) climbed by Rs 50 to close at Rs 30,755 per 10 gram from Monday's closing level of Rs 30,705.

Pure gold (99.9 percent purity) also moved up by a similar margin to end at Rs 30,905 per 10 gram as against Rs 30,855, previously.

While silver (.999 fineness) eased by Rs 60 per kg to conclude at Rs 37,135 as compared to Rs 37,195 yesterday.

Globally, Gold steadied as the dollar held firm ahead of a US Federal Reserve meeting, with the precious metals upside capped by strong US economic data that continues to underpin the greenback.

Spot gold edged up 0.1 percent to USD 1,200.08 an ounce at an early trade.

Silver was up 0.4 percent at USD 14.28 an ounce.