Gold weakens on lacklusture buying, global uncertainty

Gold prices declined further at the domestic bullion market here due to fall in demand from jewellers and retailers on sluggish overseas sentiment.
Elsewhere, silver remained under intense selling for the third straight day on frantic speculative unwinding after recent sharp rally.
Standard gold (99.5 purity) edged down by Rs 55 to conclude at Rs 26,160 per 10 grams from Monday's close of Rs 26,215.
Pure gold (99.9 purity) also fell by a similar margin to end at Rs 26,310 per 10 grams compared to Rs 26,365.
Silver (.999 fineness) plunged by Rs 265 to finish at Rs 35,885 per kg against Rs 36,150 yesterday.

In worldwide trade, the yellow-metal continued to struggle for direction after brief safe-haven upmove aftermath of the Federal Reserve's decision to hold the interest rate and also strong dollar value.
Spot gold was lower at USD 1,128.40 an ounce in early European trade and silver quoted substantially weak at USD 14.94 an ounce.