Gold strengthens on firm buying, overseas sentiments

Gold prices rose further at the domestic bullion market here today on sustained offtake by jewellery stockists and retailers amid a rising overseas trend.
Silver also moved up owing to increased demand from industrial users.
Standard gold (99.5 purity) hardened by Rs 80 to end at Rs 26,855 per 10 grams from overnight level of Rs 26,775.
Pure gold (99.9 purity) also rose by a similar margin to settle at Rs 27,005 per 10 grams from Rs 26,925 earlier.
Silver (.999 fineness) edged up by Rs 60 to conclude at Rs 38,120 per kg from Tuesday's close of Rs 38,060.

In global markets, the shiny metal continued its rising trend for the third straight day on safe-haven buying following the worst US trade balance figure in six years and surging crude oil prices.