Gold firms up on renewed buying amid global buoyancy

Gold prices firmed up at the domestic bullion market here due to improved demand from jewellery stockists as well as a good seasonal offtake.
Buoyant overseas sentiment also supported the mood.
Elsewhere, silver rebounded sharply after three-day sell-off on heavy speculative buyout.
Standard gold (99.5 purity) rose by Rs 35 to conclude at Rs 26,980 per 10 grams compared to Wednesday's closing level of Rs 26,945.
Pure gold (99.9 purity) also went up by the same margin to end at Rs 27,130 per 10 grams from Rs 27,095.
Silver (.999 fineness) jumped by Rs 490 to finish at Rs 37,490 per kg as against Rs 37,000 yesterday.

On the global front, the yellow-metal climbed sharply to trade above the key USD 1,200-level on strong funds buying after the Federal Reserve pledged to take a patient stance before the start of policy tightening next year.
Spot gold was substantially higher at USD 1,205 an ounce in early European trade.