The rand slipped slightly against major currencies in noon trade on Friday while tracking a weaker euro as negative sentiment swept global markets.

At 12.30pm the local unit was bid at 7.33 against the greenback from its previous close of 7.26.

The rand was bid at 10.94 against the euro from its previous close of 10.82.

Against sterling the rand was bid at 11.93 from its previous close of 11.79.

Gold was quoted $1049.30 a troy ounce.