Gold, Silver Recover On Jewellers' Buying
Mumbai: Gold prices recouped marginally at the domestic bullion market here today due to mild demand by jewellers and retailers amid bearish global cues Silver followed suit, rising by Rs 80 per kg following renewed offtake from industrial units. Standard gold (99.5 purity) edged-up by Rs 10 to close at Rs 27,850 per 10 grams from Monday's level of Rs 27,840. Pure gold (99.9 purity) also moved down by a similar margin to finish at Rs 28,000 per 10 grams compared to Rs 27,990 earlier. Silver (.999 fineness) climbed by Rs 80 per kg to conclude at Rs 39,440 as against Rs 39,360 previously. Globally, gold fell today as the dollar's buoyant start to the new year kept up the pressure on prices after the metal posted its biggest quarterly loss in more than 3 years. Spot gold was down at USD 1,148.30 an ounce in early European trade and silver also fell to USD 15.91 at ounce. -By PTI
