1. Gold, silver recover on buying, global cues

Gold, silver recover on buying, global cues

Gold rebounded from its sluggishness at the domestic bullion market here today on good local buying interest at lower levels as well as investors offtake following a recovery at the international markets.

By: | Mumbai | Published: October 20, 2015 7:50 PM
gold

Gold rebounded from its sluggishness at the domestic bullion market here today on good local buying interest at lower levels as well as investors offtake following a recovery at the international markets. (Reuters)

Gold rebounded from its sluggishness at the domestic bullion market here today on good local buying interest at lower levels as well as investors offtake following a recovery at the international markets.

Silver also regained from its overnight lost ground amid speculative offtake and industrial demand.

Standard gold (99.5 purity) rose by Rs 135 to close at Rs 26,865 per 10 grams from Monday’s level of Rs 26,730.

Pure gold (99.9 purity) also rallied by a similar margin of Rs 135 to finish at Rs 27,015 per 10 grams as compared to Rs 26,880 yesterday.

Silver (.999 fineness) gained Rs 105 per kg to conclude at Rs 37,435 as against Rs 37,330 previously.

Globally, Gold firmed up in early European trade as Euro recovered some lost ground against the dollar.

In London, spot gold was quoting up at USD 1,173.75 an ounce in early trade and spot silver was also higher at USD 15.86 an ounce.

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