Gold encounters to profit-booking

 Gold costs took an interruption once a three-day surge at the bullion market here these days on moderate sell-off from stockists amidst reduced jewelry off-take on the rear of lower European trend.

On the opposite hand, silver maintained its rally on sustained speculative shopping for following rising industrial demand.

Standard gold of ninety nine.5 per cent purity declined by Rs seventy to finish at Rs twenty eight,530 per ten grams from Thursday\'s closing level of Rs twenty eight,600.

 Pure gold of ninety nine.9 per cent purity conjointly fell by similar margin to complete at Rs twenty eight,655 per ten grams as against Rs twenty eight,725 yesterday.

However, silver prepared (.999 fineness) jumped by Rs 700 per kilo to conclude at Rs fifty eight,190 from Rs fifty seven,490 antecedently.

In Europe, gold slipped snapping from its 3 months high following robust greenback amidst profit taking, tho\' eurozone uncertainty restricted the autumn.

Spot gold was bid lower at USD one,775.14 an oz. in early trade.