Gold recovers on increased buying, silver drops

Gold rebounded firmly and reclaimed the Rs 26,000-mark at the bullion market here today on buying interest from stockists and retailers, despite bearish overseas sentiments.
Elsewhere, silver drifted further owing to subdued demand from consuming industries.
Standard gold (99.5 purity) climbed by Rs 160 to finish at Rs 26,005 per 10 grams from Friday's closing level of Rs 25,845.
Pure gold (99.9 purity) also gained by a similar margin to close at Rs 26,155 per 10 grams against Rs 25,995.
While, silver (.999 fineness) moved down by Rs 30 to conclude at Rs 34,015 per kg from last Friday's close of Rs 34,045.

Gold retreated, as the dollar rose versus the euro, but was still around a nine-week high as pressure on Asian stock markets continued to support investors' flight to safety.
Spot gold was down 0.2 percent at USD 1,103.20 an ounce in early trade, while U.S. Gold gained 0.1 per cent to USD 1,099.30.
While, silver rose 0.6 percent at USD 14 an ounce.