Gold softens to Rs 30,810 on poor offtake

Mumbai-India (Nov 22)  Gold prices eased in a quiet trade at the domestic bullion market today due to decreased demand from stockists as well as weak buying sentiment amid stimulus scale down speculation.

The industrial metal also dropped further on lack of industrial demand.

Standard gold (99.5 purity) moved down by Rs 20 to settle at Rs 30,810 per 10 grams from Thursday's closing level of Rs 30,830.

Pure gold (99.9 purity) also fell by a similar margin to end at Rs.

For decades India has been the world's largest gold consumer.