Gold prices recovered by Rs 95 per 10 grams at the domestic bullion market today on fresh buying by jewellers to meet the ongoing wedding season.
Silver also surged to close above the key Rs 41,000 mark on the back of heavy industrial demand.
Standard gold (99.5 purity) rose by Rs 95 to finish at Rs 28,800 per 10 grams from Friday’s closing level of Rs 28,705.
Pure gold (99.9 purity) also surged by a similar margin to end at Rs 28,950 per 10 grams as against Rs 28,855 earlier.
Silver (.999 fineness) zoomed by Rs 810 per kg to conclude at Rs 41,700 from Rs 40,890 previously.
Globally, gold fell as the dollar rose, but losses were limited due to political uncertainty created by US President Donald Trump’s move to ban people from seven Muslim-majority countries as well as by elections in Europe.
Spot gold was down 0.2 per cent to USD 1,188.85 an ounce at early trade compared with Friday’s 2-1/2-week low of USD 1,180.65.
Spot silver lost 0.4 per cent to USD 17.05 per ounce.
(This article has not been edited by DNA’s editorial team and is auto-generated from an agency feed.)
Source: dnaindia.com