Gold edges up on retail offtake; silver extends slide

Gold prices gained marginally in lackluster trade at the domestic bullion market here today due to stray local buying interest.
Elsewhere, silver remained under selling pressure on the back of consistent selling from speculators and traders.
Standard gold (99.5 purity) moved up by Rs 15 to end at Rs 26,705 per 10 grams from last Saturday's closing level of Rs 26,690.
Pure gold (99.9 purity) also added by a similar margin to settle at Rs 26,855 per 10 grams against Rs 26,840.
However, silver (.999 fineness) declined by Rs 75 to finish at Rs 37,415 per kg compared with weekend level of Rs 37,490.

In worldwide trade, the metal traded sideways in the absence definite cues ahead of key US Fed meet this week despite another breakdown in Greek negotiations.
Spot gold was trading little changed at USD 1,181.00 an ounce in early European trade, while silver quoted up at USD 15.97 an ounce.