Gold dips below Rs 31k

NEW DELHI: Gold prices dipped below Rs 31,000 mark by falling Rs 350 to Rs 30,900 per ten grams after nearly one month here on Monday on heavy selling by stockists in tandem with a weak global trend.
However, silver found some buying support from industrial units and ended higher by Rs 110 to Rs 49,010 per kg.
Traders said heavy selling by stockists on the back of sluggish demand amid a weak global trend mainly pulled down gold prices.
Gold in Singapore, which normally sets price trend on the domestic front, dropped by 0.4 per cent to $1,283.28 an ounce after data showed that US employers added more jobs than expected which reduced demand for the metal as an alternate investment.     —PTI