Mumbai, May 8: Gold prices extended their fall at the bullion market here today on continued selling by investors and stockists on the back of weak overseas sentiment.
Silver also plummeted following hectic speculative unwinding amidst lower industrial support.
Standard gold (99.5 purity) declined by Rs 105 to end at Rs 28,935 per 10 gm from Monday's closing level of Rs 29,040.
Pure gold (99.9 purity) also dropped by a similar margin of Rs 105 to close at Rs 29,065 per 10 gm from Rs 29,170 yesterday.
Silver ready (.999 fineness) slumped by Rs 765 per kg to finish at Rs 55,265 from Rs 56,030 previously.
In Europe, gold was trading weak on lower euro amidst political uncertainty in Greece and a change of President in France.
In London, spot gold was bid lower at USD 1,626.90 an ounce in early trade, and spot silver dipped to USD 29.70 an ounce.
