Gold prices rebounded smartly at the bullion market here on renewed buying interest from stockists and retailers tracking upbeat global trend.
Silver also recouped some of its recent losses due to good industrial support.
Standard gold (99.5 purity) spurted by Rs 260 to end at Rs 26,655 per 10 grams from overnight closing of Rs 26,395.
Pure gold (99.9 purity) also shot-up by a similar margin to conclude at Rs 26,805 per 10 grams compared to Rs 26,545 previously.
Silver (.999 fineness) jumped by Rs 305 to finish at Rs 37,420 per kg from Wednesday’s close of Rs 37,115.
In worldwide trade, the shiny-metal rebounded to trade above the psychologically important USD 1,200-level taking support from perceived dollar weakness as well disappointing US industrial production data amid speculation that the Federal Reserve could delay hiking interest rates.
Spot gold was substantially higher at USD 1,206.40 an ounce in early European trade, while spot silver quoted at USD 16.48 an ounce.
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