Mumbai: Gold prices recovered by Rs 80 per
10 grams at the bullion market here today following renewed
demand from stockists and investors amid higher global cues.
Silver too recouped marginally owing to mild offtake by
industrial units and coin makers.
Standard gold (99.5 purity) rose by Rs 80 to finish at Rs
29,440 per 10 grams from Tuesday's level of Rs 29,360.
Pure gold (99.9 purity) also advanced by the same amount
to close at Rs 29,590 per 10 grams as against Rs 29,510
earlier.
Silver (.999 fineness) moved up by Rs 15 per kg to
conclude at Rs 39,305 compared to Rs 39,290 previously.
Globally, gold prices rose early today, helped by a
weaker dollar ahead of the release of minutes from the latest
US Federal Reserve meeting that could hint at the pace of
future interest rate rises.
Spot gold was up at USD 1,283.51 an ounce in early
European trade and silver was up at USD 17.01 an ounce.
