Gold slips on poor buying sentiments; silver spurts

Gold prices declined after a two-session uptrend at the domestic bullion market here due to fresh bouts of profit-taking by stockists and jewellery traders amid sluggish demand.
On the other hand, silver firmed up on heavy offtake from consuming industries.
Standard gold (99.5 purity) fell by Rs 120 to finish at Rs 26,295 per 10 grams from Monday's closing level of Rs 26,415.
Pure gold (99.9 purity) also shed by a similar margin to settle at Rs 26,445 per 10 grams, compared to Rs 26,565 earlier.
However, silver (.999 fineness) rose by Rs 140 per kg to conclude at Rs 35,735 from overnight level of Rs 35,595.

Globally, the yellow-metal recovered modestly from its two-week low in thin trade on the back of weak dollar as well as bargain buying, while investors remained on the sidelines ahead of the Federal Open Market Committee meeting next week.
Spot gold was firmly higher at USD 1,123.20 an ounce in early European trade and silver quoted at USD 14.71 an ounce.