Gold recoups on buying support, global cues

Snapping its three day-session downtrend, gold prices recouped at the domestic bullion market here today on renewed local buying interest at the existing lower level amidst higher global cues.
Industrial metal, silver, also rebounded sharply following heavy speculative offtake.
Standard gold (99.5 purity) rose by Rs 70 to finish at Rs 26,150 per 10 grams from Thursday's closing level of Rs 26,080.
Pure gold (99.9 purity) also climbed by a similar margin to close at Rs 26,300 per 10 grams from Rs 26,230.
Silver (.999 fineness) shot-up by Rs 190 to conclude at Rs 36,195 per kg compared to Rs 36,005 previously.

On the global front, Gold prices firmed up in early European trade, rebounding from a 3-1/2 months low as the dollar softened after weaker than forecast US employment data. Investors remained cautious ahead of Greece's referendum on an International bailout deal at the weekend, while liquidity should remain thin throughout the day as US markets remained closed for Independence Day.
Spot gold gained at USD 1,168.04 an ounce in early trade, while silver fell at USD 15.64 an ounce.