Gold recovers on low level buying, silver ends higher
Gold prices recovered moderately at the bullion market today on the back of fresh local buying interest at existing levels amid firming trend in the global markets.business Updated: Jun 30, 2010 19:12 IST
Gold prices recovered moderately at the bullion market on Wednesday on the back of fresh local buying interest at existing levels amid firming trend in the global markets.
Silver also moved up due to renewed industrial demand.
Standard gold (99.5 purity) rose by Rs 60 per ten grams to close at Rs 18,830 from overnight closing level of Rs 18,770.
Pure gold (99.9 purity) also gained by Rs 55 per ten gram to end at Rs 18,915 as against Rs 18,860 on Tuesday.
Silver ready (.999 fineness) firmed up by Rs 60 per kilo to finish at Rs 30,095 as against Rs 30,035.
In Europe, spot gold was bid at USD 1,240.45 an ounce in early trade as against USD 1,238.00 late in New York on Tuesday.
Silver was bid at USD 18.56 an ounce against USD 18.46.