Gold, silver soften on weak demand

Elsewhere, silver declined following speculative selling amid reduced industrial offtake.

Standard gold (99.5 purity) slipped by Rs 60 to conclude at Rs 30,455 per 10 grams from its overnight closing value of Rs 30,515.

Pure gold (99.9 purity) also fell by a similar margin to end at Rs 30,605 per 10 grams as compared to Rs 30,665 earlier.

Silver (.999 fineness) dropped by Rs 115 per kg to settle at Rs 38,435 from Monday's finish of Rs 38,550.

Globally, gold edged higher as uncertainty over the prospect of a trade war breaking out over proposed US sanctions on steel and aluminium imports boosted interest in the metal as a safe store of value, and kept the dollar under pressure.

Spot gold was up 0.4 per cent at USD 1,324.96 an ounce at early trade.

Among other precious metals, silver was up 0.7 per cent at USD 16.55 an ounce.