Gold prices at the bullion market eased on the modest profit-taking by stockists and investors amidst lower jewellery offtake. Silver too,encountered hectic speculative selling on the back of reduced industrial demand. Standard gold (99.5 purity) moved down by Rs 65 to end at Rs 28,820 per 10 gm from Tuesday's close of Rs 28,885. Pure gold (99.9 purity) also slipped by Rs 70 to finish at Rs 28,955 per 10 gm from Rs 29,025. Silver ready (.999 fineness) fell by Rs 255 per kg to conclude at Rs 56,495 as against Rs 56,750 yesterday. In New York gold recouped on lower dollar amidst easing concerns over eurozone as well as investors awaiting Federal Reserve meet anticipating further quantitative easing. Gold for June delivery rose USD 11.20 to USD 1,643.80 an ounce on the Comex division of the NYMEX late yesterday. May silver contracts were up 21 cents to USD 30.75 an ounce.
