Gold prices recovered modestly at the bullion market here today on stray local buying interest at lower levels amid listless trade as cautiousness prevailed in the absence of definite cues from overseas. Silver,on the other hand,dropped further on heavy speculative selling amid sluggish industrial demand. Standard gold (99.5 purity) edged up by Rs 15 to end at Rs 30,720 per 10 gm from Thursday's close of Rs 30,705. Pure gold (99.9 purity) moved up by Rs 35 to close at Rs 30,880 per 10 gm from Rs 30,845. Silver ready (.999 fineness) slumped by Rs 400 per kg to finish at Rs 58,100 as against Rs 58,500 yesterday. In New York,gold declined on strong dollar as investors played safe ahead of US Federal Reserve meet hoping for further easing measures to boost growth in the world's largest economy. Gold for December delivery dipped by USD 5.90 to USD 1,657.10 an ounce on the Comex division of the NYMEX (New York Mercantile Exchange) late yesterday. Silver for September delivery eased 48 cents to USD 30.45 an ounce.
