Gold is trading at Rs 31,000-mark at the bullion market.
Bengaluru Gold prices eased on Friday on profit-taking, after breaking above $1,300 in the previous session when U.S. President Donald Trump´s decision to call off a meeting with North Korean leader Kim Jong Un triggered safe-haven buying.
More placid markets and a rise in the dollar and Treasury yields sent gold to its lowest close of the year last week, as a stronger dollar makes gold more expensive for overseas buyers and higher yields make the metal less attractive to some investors. Silver coins however, continued to be enquired at the previous level of Rs 76,000 for buying and Rs 77,000 for selling of 100 pieces.
In other trading, July silver slipped 0.8 per cent to Dollars 16.546 an ounce, for a roughly 0.6 per cent weekly gain.
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In the national capital, gold of 99.9 per cent and 99.5 per cent purity fell by Rs 105 each to Rs 32,370 and Rs 32,220 per 10 grams, respectively.
Pure gold (99.9 purity) also commenced lower at Rs 31,075 per 10 grams compared to preceding weekend level of Rs 31,095 and later hovered in a range of Rs 31,060 and Rs 31,440, before ending at Rs 31,355, showing a rise of Rs 260 per 10 grams, or 0.84 per cent.
Gold prices fell 0.22% to $1,301.20 an ounce and silver by 0.99% to $16.47 an ounce in NY in Friday's trade.
Following gold, silver ready plunged by Rs 350 to Rs 41,200 per kg and weekly-based delivery by Rs 495 to Rs 40,265 per kg.