Gold dips on lacklustre buying; silver tanks below 36k mark

Gold slipped to its lowest level in three months on the domestic bullion market here today due to sluggish demand and lack of local buying at existing levels in the face of weak overseas cues.
Elsewhere, silver plunged sharply to close below the key Rs 36,000 mark following heavy speculative selling.
Standard gold (99.5 purity) slumped by Rs 65 to finish at Rs 25,910 per 10 grams compared to Monday's closing level of Rs 25,975.
Pure gold (99.9 purity) also fell by a similar margin to settle at Rs 26,060 per 10 grams from Rs 26,125.
Silver (.999 fineness) tanked by Rs 415 to conclude at Rs 35,645 per kg against Rs 36,060 yesterday.

In worldwide trade, the shiny-metal remained under selling pressure on fading safe haven demand after Greece and its creditors reached a deal on Monday.
Spot gold was lower at USD 1,157.70 an ounce in early European trade and silver quoted weak at USD 15.36 an ounce.