Gold prices declined at the domestic bullion market today on moderate profit selling by investors and traders in the absence of buying interest amid sluggish demand at the existing levels, despite higher global cues.
Silver also eased owing to speculative selling following subdued industrial off-take.
Standard gold (99.5 purity) eased by Rs 65 to end at Rs 29,475 per 10 grams from Monday's closing level of Rs 29,540.
Pure gold (99.9 purity) also went down by Rs 70 to close at Rs 29,600 per 10 grams from Rs 29,670.
Silver ready (.999 fineness) slipped by Rs 70 per kg to finish at Rs 53,210 from Rs 53,280 yesterday.
In Europe, gold rose, trading thin volume supported by weak dollar as eurozone finance ministers made progress in aid for Spain's banks as well as prospect of further US Federal easing.
Spot gold bid up at USD 1,593.14 an ounce in early trade and silver was slightly bid up at USD 27.35 an ounce.