Gold softens on lacklustre buying; silver rebounds

Gold prices moved down further at the local bullion market here owing to lack of buying support from jewellery stockists and retailers.
In contrast, silver regained some lost ground on the back of renewed demand from industrial users.
Standard gold (99.5 purity) eased by Rs 15 to finish at Rs 27,280 per 10 grams from Wednesday's level of Rs 27,295.
Pure gold (99.9 purity) also down by a similar margin to settle at Rs 27,430 per 10 grams compared to Rs 27,445.
However, silver (.999 fineness) rose by Rs 175 to end at Rs 38,460 per kg as against Rs 38,285 yesterday.

On the global front, the shiny-metal traded mostly flat after overnight fall amid investors caution over the crisis surrounding Greece as well as eurozone finance ministers meet.
Spot gold was bid higher at USD 1,237.60 an ounce in early Eurpean trade.