Gold recovers slightly on mild buying, silver eases

Gold prices recovered slightly at the bullion market here today amid mild bouts of buying from jewellers and retail consumers.
Silver, however, eased owing to muted industrial demand.
Standard gold (99.5 purity) moved up by Rs 15 to end at Rs 26,155 per 10 grams from last Saturday's closing level of Rs 26,140.
Pure gold (99.9 purity) also edged up by a similar margin to close at Rs 26,305 per 10 grams from Rs 26,290.
However, silver (.999 fineness) slipped by Rs 35 per kg to finish at Rs 36,740 as against Rs 36,775 last weekend.
On the global front, in Europe, gold rose as the dollar rally paused but remained near a three-month low after a strong US jobs report boosted expectations the Federal Reserve would soon raise interest rates.

In London, spot gold rose 0.5 percent to USD 1,173.26 an ounce in early trade, While, spot silver fell to its lowest in two months at USD 15.69 an ounce.