Gold regains Rs 27k mark on surging demand

Defying extreme volatile global sentiment, gold prices soared to reclaim the psychologically important Rs 27,000 mark -- its highest level in two months -- on steady demand from jewellery stockists and traders.
Silver also shot up owing to heavy industrial buying support.
Standard gold (99.5 purity) hardened by Rs 160 to end at Rs 27,045 per 10 grams from overnight level of Rs 26,885.
Pure gold (99.9 purity) also climbed by a similar margin to settle at Rs 27,195 per 10 grams against Rs 27,035.
Silver (.999 fineness) rose by Rs 245 to finish at Rs 37,925 per kilo from Tuesday's level of Rs 37,680.

On the global front, the yellow metal halted its two session rally following fresh bout of profit-taking ahead of key US growth data and much-awaited Fed meet outcome.
Spot gold was lower at USD 1,210 an ounce in early European trade while silver quoted weak at USD 16.52 an ounce.