Gold, silver bounces on increased demand

By: |
Mumbai | January 14, 2016 7:47 PM

Snapping its two-days fall, gold recovered at the domestic bullion market here today on buying interest from stockists and locals.

Gold prices todayStandard gold (99.5 purity) climbed up by Rs 375 to settle at Rs 25,975 per 10 grams from yesterday’s closing level of Rs 25,600. (Reuters)

Snapping its two-days fall, gold recovered at the domestic bullion market here today on buying interest from stockists and locals.

Silver also staged a rebound on the back of heavy speculative demand coupled with strong industrial buying.

Standard gold (99.5 purity) climbed up by Rs 375 to settle at Rs 25,975 per 10 grams from yesterday’s closing level of Rs 25,600.

Pure gold (99.9 purity) also rose by a similar margin to end at Rs 26,125 per 10 grams against Rs 25,750 earlier.

Silver (.999 fineness) spurted by Rs 755 per kg to conclude at Rs 34,465 compared with Rs 33,710 yesterday.

Overseas, gold steadied as buyers cashed in some of the previous session’s gains, but the metal remained underpinned by positive pressure from a drop in stock markets and dollar weakness.

Spot gold was USD 1,092.10 an ounce in early trade, little changed from USD 1,093.11 on Wednesday.
Among other precious metal, silver was flat at USD 14.13 an ounce.

Get live Stock Prices from BSE, NSE, US Market and latest NAV, portfolio of Mutual Funds, Check out latest IPO News, Best Performing IPOs, calculate your tax by Income Tax Calculator, know market’s Top Gainers, Top Losers & Best Equity Funds. Like us on Facebook and follow us on Twitter.

Financial Express is now on Telegram. Click here to join our channel and stay updated with the latest Biz news and updates.

Next Stories
1Gold Price Today, 26 October 2021: MCX Gold falls on weak global cues; may continue to trade choppy
2Petrol and diesel price October 26: Rates unchanged for 2nd day straight; Check price in Delhi, Mumbai here
3I-T department conducts searches on onion traders’ premises as prices soar