Gold edges up on seasonal uptick; silver rebounds

Gold prices gained marginally after hitting a near two-month low at the domestic bullion market here on renewed demand from jewellery traders as well as good wedding related offtake.
Silver rebounded sharply following strong pick-up in demand from industrial users.
Prices of standard gold (99.5 purity) moved up by Rs 35 to end at Rs 26,490 per 10 grams from overnight closing level of Rs 26,455.
Pure gold (99.9 purity) also added by a similar margin to settle at Rs 26,640 per 10 grams compared to Rs 26,605.
Silver (.999 fineness) rose by Rs 235 to conclude at Rs 37,450 per kg as against Rs 37,215 yesterday.

On the global front, the shiny-metal remained under selling pressure and traded its seven-week following strength in the dollar value ahead of Federal Reserve Chair Janet Yellen's Senate testimony amid investors' caution.
Spot gold was bid lower at USD 1,198.46 in early European trade, while silver quoted at USD 16.27.