Gold slips on profit-taking, sluggish global cues

Snapping a three-session upmove, gold prices succumbed to fresh bouts of selling by stockists and investors at the domestic bullion market here amid a weak overseas trend.
Silver also drifted further owing to subdued demand from consuming industries.
Standard gold (99.5 purity) dropped by Rs 125 to end at Rs 26,215 per 10 grams from weekend level of Rs 26,340.
Pure gold (99.9 purity) also fell by a similar margin to settle at Rs 26,365 per 10 grams against Rs 26,490 earlier.
Silver (.999 fineness) moved down by Rs 80 to conclude at Rs 36,150 per kg from last Saturday's close of Rs 36,230.

In worldwide trade, the shiny metal retreated modestly after recent sharp rally, but remained supported largely by worries over global and Chinese economic stability and uncertainty over the US Fed interest rates hike.
Spot gold was lower at USD 1,133.60 an ounce in early European trade and silver quoted soft at USD 15.13 an ounce.