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PT: Gold weakens further on sluggish demand
 
New Delhi, Mar 5 (PTI) Despite firm global cues, gold fell by Rs 15 to Rs 17,185 per ten grams on the bullion market here today on restricted buying.

Standard gold and ornaments shed Rs 15 each to Rs 17,185 and Rs 17,035 per ten grams, respectively, while sovereign remained steady at Rs 14,050 per eight-gram piece.

Marketmen said global cues, which normally set the price trend for gold in the domestic markets, failed to influence the trading sentiment.

The metal in the Asian region advanced 0.2 per cent to USD 1,134.05 an ounce today.

In line with the weak trend, silver ready declined by Rs 100 to Rs 27,000 per kg on low demand, while weekly-based delivery rose by Rs 280 to Rs 26,900 per kg on speculative buying.
Source