Gold rises to Rs22,265 on global cues, silver down by Rs1,110

Gold prices recovered by Rs25 to Rs22,265 per 10 grams today on a firming global trend, while silver moved down by Rs1,110 to Rs53,300 per kg, due to reduced offtake at existing high levels.
    
Traders attributed the rise in the yellow metal's prices to buying by retailers to meet the ongoing wedding season demand along with a firming global trend.
    
Besides, shifting of funds from weakening equity to rising bullion also supported the uptrend in the prices, they added.
    
Gold in global markets, which normally sets a price trend on the domestic front, gained $2.68, or 0.2%to $1,497.70 an ounce in London.
    
On the domestic front, gold of 99.9% and 99.5% purity rose by Rs25 each to Rs22,265 and Rs22,145 per 10 grams, respectively.
    
Sovereigns gained Rs100 to Rs18,500 per piece of eight grams. However, silver ready lacked necessary follow-up support at prevailing high levels and slipped by Rs1,110 to Rs53,300 per kg, while weekly-based delivery declined by Rs910 to Rs52,900 per kg.
    
Silver coins also fell by Rs1,000 to Rs59,000 for buying and Rs60,000 for selling of 100 pieces.