Gold declines on stockist offering, silver shines

Mumbai, Feb 14 (PTI) Gold prices fell further at thebullion market here today due to sustained offering bystockists and speculators despite higher global cues.

Silver, however, recovered smartly on fresh industrialdemand.

Standard gold (99.5 per cent purity) slipped by Rs 60per 10 grams to end at Rs 20,155 from last weekend''s closinglevel of Rs 20,215.

Pure gold (99.9 per cent purity) went down by Rs 55per 10 grams to finish at Rs 20,260 as against Rs 20,315previously.

However, silver ready (.999 fineness) rose by Rs 145per kg to close at Rs 46,145 from Rs 46,000 on last Saturday.

In Europe, gold traded slightly higher as the strongerdollar restricted gains.

Spot gold was bid at USD 1,356.70 an ounce in earlytrade as compared to USD 1,356.12 late in New York on Friday.

Silver was bid at USD 30.11 an ounce as against USD28.85.