Mumbai: Gold fell modestly at the bullion market here today on subdued stockists and jewellery demand amidst lack of local buying interest following bearish global sentiment. Silver prices also moved down due to lower retail speculators’ participation. Besides the continuing global uncertainty over much delayed Greece bailout package, investors and traders were reluctant to take long positions in precious metals ahead of a long weekend in domestic as well as overseas market, traders commented. Standard gold of 99.5 per cent slipped by Rs 65 to end at Rs 27,865 per 10 grams from Friday’s close of Rs 27,930. Pure gold of 99.9 per cent purity also lost by a similar margin of Rs 65 to finish at Rs 27,995 per 10 grams, as against Rs 28,060. Silver ready (.999 fineness) eased by Rs 35 per kg to settle at Rs 56,150 from Rs 56,185 yesterday. In New York, gold ended lower on concerns over the delay in the financial rescue deal for Greece amid positive US economic data. Gold for April delivery down by USD 2.50 to USD 1,725.90 an ounce on the Comex division of the NYMEX later yesterday.