Gold price continued its downtrend at the bullion market here today on persistent selling by investors and stockists amidst weak overseas sentiment. In contrast,silver recovered modestly on stray speculative demand after its recent sharp fall. Standard gold (99.5 purity) fell by Rs 105 to end at Rs 28,445 per 10 gm from Wednesday's closing level of Rs 28,550. Pure gold (99.9 purity) went down by Rs 95 to Rs 28,580 per 10 gm from Rs 28,675 yesterday. Silver ready (.999 fineness) gained Rs 140 per kg to finish at Rs 54,490 from Rs 54,350 previously. In New York,gold dropped on strong dollar amidst political worries over Greece and Spain stoke fears on the euro-zone debt crisis. Gold for June delivery dipped by USD 10.30 to USD 1,594.20 an ounce on the Comex division of the NYMEX late yesterday. Silver for July contract declined 22 cents to USD 29.24 an ounce.
