Gold slips on selling, silver rebounds

Gold prices slipped from its recent gains at the domestic bullion market here today on stockist and investors' selling as well as reduced local buying amid weaker global cues.
While, silver recouped smartly following good speculative offtake and industrial demand.
Standard gold (99.5 purity) declined by Rs 95 to close at Rs 26,855 per 10 grams from Wednesday's level of Rs 26,950.
Pure gold (99.9 purity) also fell by a similar margin of Rs 95 to finish at Rs 27,005 per 10 grams from Rs 27,100.
However, Silver (.999 fineness) surged by Rs 240 per kg to conclude at Rs 37,630 as compared to Rs 37,390 previously.

Globally, Gold ended lower following rally in dollar in New York trade late yesterday.
December gold fell by USD 1 to settle at USD 1,166.10 an ounce on Comex, While December silver picked up 12.7 cents to USD 15.837 an ounce.