1. Gold, silver recover in lacklustre trade

Gold, silver recover in lacklustre trade

Gold prices recovered marginally at the domestic bullion market here today on mild offtake by retail jewellers and local buyers, despite bearish global cues.

By: | Mumbai | Published: July 7, 2015 10:06 PM

Gold prices recovered marginally at the domestic bullion market here today on mild offtake by retail jewellers and local buyers, despite bearish global cues.

Silver also gained slightly following speculative buying.

Standard gold (99.5 purity) added by Rs 5 to close at Rs 26,105 per 10 grams from Monday’s closing level of Rs 26,100.

Pure gold (99.9 purity) also moved up by a similar margin to conclude at Rs 26,255 per 10 grams from Rs 26,250.

Silver (.999 fineness) gained Rs 10 to end at Rs 36,245 per kg as against Rs 36,235 yesterday.

In Europe, gold fell in early trade as dollar rose, also investors assessed a further fall in Chinese shares and awaited an emergency euro zone summit on Greece as the country’s banks face potential collapse.

In London, spot gold was bid 0.3 per cent lower at USD 1,166.16 an ounce and silver also bid down by 0.8 per cent at USD 15.60 an ounce.

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Tags: GoldSilver
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