Gold declines on poor buying, silver eases

Gold prices declined at the bullion market here today on subdued demand from stockists and traders as well as poor local buying interest despite firm international market.
Silver also eased further in listless speculative sell-off amid lack of industrial demand.
Standard gold of 99.5 per cent purity fell by Rs 80 to close at Rs 26,210 per 10 gm from Tuesday's closing level of Rs 26,290.
Pure gold of 99.9 per cent purity also dropped by Rs 85 to end at Rs 26,345 per 10 gm from Rs 26,430.
Silver ready (.999 fineness) went down by Rs 40 to conclude at Rs 41,010 per kg from Rs 41,050 yesterday.

In overseas market, gold rose for a third session in row as dollar slipped ahead of release of minutes of last months Federal Reserve meeting which would indicate whether US central bank would start tapering its stimulus measures.
In London, spot gold was bid higher at USD 1,257.41 an ounce in early trade and silver bid up at USD 19.33 an ounce.