Gold extends fall on weak demand, global volatility

Gold prices declined further at the domestic bullion market here due to lack of demand from stockists and retailers amid global commodity sell-off.
Elsewhere, silver also slumped on the back of sluggish industrial offtake.
Standard gold (99.5 purity) shed by Rs 100 to finish at Rs 26,200 per 10 grams from Monday's close of Rs 26,300.
Pure gold (99.9 purity) also slipped by a similar margin to settle at Rs 26,350 per 10 grams against Rs 26,450 earlier.
Silver (.999 fineness) dropped by Rs 235 to end at Rs 35,230 per kg compared to Rs 35,465 yesterday.
In worldwide trade, the shiny metal plummeted sharply in overnight trade following a broad base selling in industrial commodities and also fears over an imminent US Fed rate hike later this year.

Spot was lower at USD 1,129.00 an ounce in early European trade and silver quoted soft at 14.59 an ounce.