Gold recovers, silver eases on subdued demand

Gold prices recovered marginally by Rs 10 at the domestic bullion market here today due mild demand from jewellery stockists and retailers amid bullish global cues.
However, silver eased further owing to speculative selling coupled with subdued industrial offtake.
Standard gold (99.5 purity) rose by Rs 10 to close at Rs 27,280 per 10 grams from yesterday's level of Rs 27,270.
Pure gold (99.9 purity) also moved down by a similar margin to end at Rs 27,430 per 10 grams against Rs 27,420 previously.
While, Silver (.999 fineness) fell by Rs 50 per kg to finish at Rs 39,215 compared to Rs 39,265 yesterday.

Globally, Gold edged higher in thin pre-Christmas trade as the dollar retreated from this week's 14-year high, tempting some buyers to take advantage of a near 10-month low in prices after six straight weeks of decline.
Spot gold was up at USD 1,130.85 an ounce in early European trade, while US gold futures for February delivery was up USD 1,132.00. Silver was little changed at USD 15.77.