Gold weakens on poor buying sentiment; Fed meet on spotlight

Gold prices weakened further at the domestic bullion market here due to lack of buying interest at existing levels as well as volatile overseas situation ahead of Fed policy meet.
Elsewhere, silver also declined owing to subdued demand from industrial users.
Standard gold (99.5 purity) moved down by Rs 15 to settled at Rs 25,945 per 10 grams from last Saturday's close of Rs 25,960.
Pure gold (99.9 purity) also softened by a similar margin to end at Rs 26,095 per 10 grams against Rs 26,110 earlier.
Silver (.999 fineness) fell by Rs 35 per kg to finish at Rs 35,160 compared to weekend level of Rs 35,195.

On the global front, the shiny-metal slipping to its lowest in a month as participants look stayed on the sidelines amid uncertainty over the FOMC meet outcome later this week.
Spot gold was little changed at USD 1,105.90 an ounce in early European trade, while silver quoted at USD 14.40 an ounce.