Gold advances on rising demand, firm overseas trend

Gold prices hardened further at the domestic bullion market here due to sustained off-take by stockists as well as retailers in view of the upcoming festive and wedding season.
Silver, on the other hand gained marginally owing to stray industrial buying support.
Standard gold (99.5 purity) by strengthened by Rs 150 to end at Rs 26,655 per 10 grams from overnight closing level of Rs 26,505.
Pure gold (99.9 purity) also moved up by a similar margin to finish at Rs 26,805 per 10 grams against Rs 26,655 yesterday.
Silver (.999 fineness) edged up by Rs 10 a kg to settle at Rs 35,445 from Monday's close of Rs 35,435.

Globally, the shiny metal rebounded after a brief downtrend bolstered by safe-haven investment demand after sluggish PMI data from China reaffirmed fears about the health of world's second largest economy amid sell-off in equities.
Spot gold was higher at 1,139.70 an ounce in early European trade, while silver quoted marginally up at USD 14.55 an ounce.