Gold rises on steady demand, silver declines

Gold price maintained its rising trend on the domestic bullion market here due to consistent buying support from jewellers and retail consumers in the face of upbeat global sentiment.
On the other hand, silver turned weak after a brief overnight surge owing to subdued demand from industrial users.
Standard gold (99.5 purity) strengthened by Rs 75 to end at Rs 26,775 per 10 grams from Tuesday's closing of Rs 26,700.
Pure gold (99.9 purity) also hardened by a similar margin to finish at Rs 26,925 per 10 grams compared with Rs 26,850.
However, silver (.999 fineness) fell by Rs 55 to settle at Rs 37,610 per kg from Rs 37,665 yesterday.

In worldwide trade, the metal continued its ascent boosted by softer dollar and renewed concerns over the Greek debt woes, but US Fed rate hike fears and unwinding from bullion-backed funds capped the upside.
Spot gold was substantially higher at USD 1,192.20 an ounce in early European trading, while silver firmed up at USD 16.20 an ounce.