<div>Gold prices plunged and closed below the psychologically-significant Rs 29,000 per 10 grams mark at the local bullion market today on consistent selling by stockists and speculators despite firm global sentiment.</div><div> </div><div>On the other hand, silver regained some lost ground on emergence of buying from jewellery and coin makers coupled with renewed industrial off-take.</div><div> </div><div>Standard gold (99.5 purity) dropped by Rs 230 to conclude at Rs 28,790 per 10 grams from last Saturday's closing level of Rs 29,020.</div><div> </div><div>Pure gold (99.9 purity) also slumped by Rs 240 to end at Rs 28,930 per 10 grams from Rs 29,170.</div><div> </div><div>Silver (.999 fineness), however rose by Rs 100 to finish at Rs 41,920 per kg over its last weekend level of Rs 41,820.</div><div> </div><div>Meanwhile, globally the shiny metal reclaimed the key $1,300 an ounce level on weak dollar as well as sliding equity markets.</div><div> </div><div>Spot gold was bid higher at $1,301 an ounce in early European trade.<br /><br />(Reuters)</div>
