Gold off one-month high on poor demand; silver almost flat

Gold prices retreated from one-month high at the domestic bullion market today due to poor buying at existing levels amid sluggish overseas trend.
Silver, on the other hand, gained marginally owing to stray industrial demand.
Trading sentiments turned bearish on investor caution after the yellow metal's recent sharp rise as well as reduced buying by jewellers at current levels, a bullion trader said.
Standard gold (99.5 purity) fell by Rs 30 to Rs 26,875 per 10 grams from Wednesday's closing level of Rs 26,905.
Pure gold (99.9 purity) also moved down by a similar margin to conclude at Rs 27,025 per 10 grams from Rs 27,055.

However, silver (.999 fineness) added Rs 5 to settle at Rs 38,555 per kg as against Rs 38,550 yesterday.

In worldwide trade, the metal fell back from seven-week high on firm dollar value and also funds selling.
Spot gold was bid lower at USD 1,223.00 an ounce in early
Trade, while silver was little changed at USD 17.04 an ounce.