Falling for the third consecutive day, gold prices eased further by `60 to `28,910 per 10 grams at the bullion market on Tuesday on subdued demand from jewellers even as the precious metal strengthened overseas.
Silver, however, recovered by `150 to `37,250 per kg on increased offtake by industrial units and coin makers. Marketmen said muted demand from jewellers and retailers at prevailing levels mainly kept pressure on gold prices. They said, however, a firm trend overseas capped the fall.
Globally, gold climbed $12.10, or 1 per cent, to $1,220.40 an ounce in Singapore. In the national capital, gold of 99.9 per cent and 99.5 per cent purity fell further by `60 each to `28,910 and `28,760, respectively.