Gold reclaim 26k, silver recovers on good buying, global cues

Gold prices recovered moderately to regain 26K-level at the domestic bullion market here today following good low level buying by stockists as well as local consumers, also supported by a higher global cues.
Silver also witnessed higher speculative and industrial offtake after its overnight sharp fall.
Standard gold (99.5 purity) rose by Rs 105 to close at Rs 26,055 per 10 grams from Wednesday's closing level of Rs 25,950.
Pure gold (99.9 purity) also gained by a similar margin of Rs 105 to conclude at Rs 26,205 per 10 grams from Rs 26,100.
Silver (.999 fineness) surged Rs 675 to end Rs 35,790 per kg as against Rs 35,115 yesterday.

Globally, gold rose in early European trade as a recovery in Chinese share prices cooled fears of a wider rout in the major bullion consumer, and after minutes from the Federal Reserve's last meeting suggested caution towards a near-term increase in interest rates.
In London, spot gold was bid up by 0.4 per cent at USD 1,162.56 an ounce, while spot silver bid higher by 1.5 per cent at USD 15.35 an ounce.