Gold, silver extend losses on weak global cues
Pure gold (99.9 purity) also went down by a similar margin to conclude at Rs 28,545 per 10 grams from Rs 28,660. Silver ready (.999 fineness) dipped by Rs 255 per kg to end at Rs 56,065 from the previous close of Rs 56,320. In Europe, gold continued to be bearish on concerns ahead of Spain bond auction this week. Spot gold was down at USD 1,647.81 an ounce in the early trade and silver was also trading lower at USD 31.35 an ounce.