Gold, silver drop on lacklustre demand

Silver too followed the suit due to reduced offtake by industrial units and coin makers.

Standard gold (99.5 purity) eased by Rs 80 to close at Rs 30,600 per 10 grams from last Wednesday's level of Rs 30,680.

Pure gold (99.9 purity) also moved down by the same amount to finish at Rs 30,750 per 10 grams as against Rs 30,830 earlier.

Silver (.999 fineness) fell by Rs 60 per kg to finish at Rs 38,295 as compared to Rs 38,355 previously.

Globally, gold snapped a three-session losing streak as the dollar fell and China raised tariffs on US products, escalating global tensions over trade.

Spot gold added 0.6 per cent to USD 1,332.20 per ounce at early trade.

In other precious metals, spot silver climbed 0.8 per cent to USD 16.45 per ounce.