Gold edges up on fresh buying, silver extends fall

Gold prices edged up at the domestic bullion market here on mild demand from jewellery stockists and traders amid bullish global cues.
Silver extended its fall following speculative selling and lacklustre industrial offtake.
Standard gold (99.5 purity) moved-up by Rs 5 to end at Rs 26,705 per 10 grams from Monday's level of Rs 26,700.
Pure gold (99.9 purity) also rose by a similar margin of Rs 5 to close at Rs 26,855 per 10 grams against Rs 26,850 yesterday.
However, Silver (.999 fineness) dropped by Rs 85 per kg to finish at Rs 37,425 compared to Rs 37,510 previously.

Globally, gold firmed up in early trade, as caution ahead of a Federal Reserve meeting starting later in the day weighed on risk appetite and the dollar eased, but moves were muted as buyers awaited clues on the timing of a possible US interest rate hike.
In London, spot gold was quoting up at USD 1,165.91 an ounce in early trade and Spot silver was also up at USD 15.88 an ounce.