Gold, silver slip on low buying, global cues

Gold prices slipped from its two-day gains at the domestic bullion market here today on lower buying from stockists and jewellery retailers, besides bearish global cues.
Silver also declined following speculative selling as well as reduced industrial offtake.
Standard gold (99.5 purity) fell by Rs 90 to Rs 26,100 per 10 grams from last Saturday's closing level of Rs 26,190.
Pure gold (99.9 purity) also dropped by a similar margin to finish at Rs 26,250 per 10 grams from Rs 26,340.
Silver (.999 fineness) slid Rs 115 to close at Rs 36,235 per kg as compared to Rs 36,350 previously.

In Europe, gold fell in early trade as a robust dollar outweighed the impact of lower equity markets and some retail demand after Greek voters rejected the terms of a bailout package, potentially setting Athens on a path out of the euro.
In London, spot gold was lower by 2 per cent at USD 1,163.50 an ounce and silver by 5 per cent to USD 15.59 an ounce.