Gold,silver slip on sustained selling

Standard gold 99.5 purity lost by Rs 75 to end at Rs 28,105 per 10 gm from Monday8217;s closing level of Rs 28,180.

Pure gold 99.9 purity also slid by a similar margin to close at Rs 28,235 per 10 gm from Rs 28,310.

Silver ready prices .999 fineness went down by Rs 140 per kg to conclude at Rs 53,550 as compared to Rs 53,690 yesterday.

In overseas,gold futures slumped to its December low on frantic sell-off by investors on concerns over worsening political uncertainties in Greece amid strengthening dollar valuation.

Gold for June delivery fell by USD 23 to settle at USD 1,561 an ounce at the Comex division of the NYMEX late yesterday and July silver contract moved down by 54 cents to USD 28.35 an ounce.