Gold rises on stockists demand; silver recovers

Gold prices rose firmly at the domestic bullion market here today on the back of increased offtake by jewellery stockists and retailers.
Silver rebounded smartly after recent sharp losses on emergence of buying from consuming industries.
Standard gold (99.5 purity) hardened by Rs 80 to finish at Rs 26,785 per 10 grams from overnight closing level of Rs 26,705.
Pure gold (99.9 purity) also spurted by a similar margin to end at Rs 26,935 per 10 grams compared with Rs 26,855.
Silver (.999 fineness) climbed by Rs 190 to conclude at Rs 37,605 per kg against Monday's level of Rs 37,415.

On the global front, the metal confined to a tight range amid investors caution ahead of the two-day FOMC meeting that starts later in the session.
Spot gold was trading little changed at USD 1,182.90 an ounce in early European trade, while silver quoted higher at USD 16.01 an ounce.