<p>Gold continued its weak momentum for the sixth straight session, hitting a fresh ten-month low in the domestic bullion market today due to reduced offtake by stockists amid lack of local buying support.<br /><br /></p>.<p>Silver fell back after a brief overnight rebound on the back of weak industrial demand.<br />Standard gold (99.5 purity) dropped by Rs 70 to conclude at Rs 26,605 per 10 grams from Friday's closing level of Rs 26,675.<br /><br />Pure gold (99.9 purity) also fell by the same margin to end at Rs 26,755 per 10 grams from Rs 26,825.<br /><br />Silver (.999 fineness) slumped by Rs 215 to close at Rs 40,865 per kg as against Rs 41,080 yesterday.<br /><br />Globally, the yellow metal settled down marginally lower following better-than-expected US jobs data, though European Central Bank decision to loosen policy cushioned the losses.<br /><br />Gold for August delivery softened to settle at USD 1,252.50 an ounce on the comex division of NYMEX late yesterday, while silver July contract eased to USD 19.00 an ounce.</p>
<p>Gold continued its weak momentum for the sixth straight session, hitting a fresh ten-month low in the domestic bullion market today due to reduced offtake by stockists amid lack of local buying support.<br /><br /></p>.<p>Silver fell back after a brief overnight rebound on the back of weak industrial demand.<br />Standard gold (99.5 purity) dropped by Rs 70 to conclude at Rs 26,605 per 10 grams from Friday's closing level of Rs 26,675.<br /><br />Pure gold (99.9 purity) also fell by the same margin to end at Rs 26,755 per 10 grams from Rs 26,825.<br /><br />Silver (.999 fineness) slumped by Rs 215 to close at Rs 40,865 per kg as against Rs 41,080 yesterday.<br /><br />Globally, the yellow metal settled down marginally lower following better-than-expected US jobs data, though European Central Bank decision to loosen policy cushioned the losses.<br /><br />Gold for August delivery softened to settle at USD 1,252.50 an ounce on the comex division of NYMEX late yesterday, while silver July contract eased to USD 19.00 an ounce.</p>