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Gold regains sheen on global cues; silver recovers

12 January, 2018 1:32 PM
43 0
Gold regains sheen on global cues; silver recovers

Gold prices recovered smartly at the bullion market here today taking positive cues from global market amid pick-up in buying by local jewellers to meet wedding season demand.

Standard gold (99.5 purity) strengthened by Rs 235 to end at Rs 29,830 per 10 grams from yesterday's closing level of Rs 29,595.

Pure gold (99.9 purity) also added by a similar margin to settle at Rs 29,980 per 10 grams as compared to Rs 29,745.

Silver (.999 fineness) rose by Rs 255 per kg to finish at Rs 38,850 from Rs 38,595 earlier.

Globally, Gold rose to a four-month high and was on track for a fifth straight weekly gain as the dollar fell against the euro on an agreement for a political coalition in Germany.

Also read: Gold slips on weak global cues, muted demand


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