Silver spurted on heavy speculative demand following renewed industrial buying.
Standard gold (99.5 purity) moved up by Rs 30 to close at Rs 29,170 per 10 grams from Thursday's closing level of Rs 29,140.
Pure gold (99.9 purity) gained Rs 25 to finish at Rs 29,300 per 10 grams from Rs 29,275.
Silver ready (.999 fineness) surged by Rs 655 per kg to conclude at Rs 53,000 from Rs 52,345 previously.
In Europe, gold rose in line other commodities on positive Chinese growth data, though cautiousness following doubts over US economic stimulus capped gains.
Spot gold was bid higher at USD 1,579.40 an ounce in early trade. Silver was also bid up at USD 27.34 an ounce.
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →
Smart Quarterly
₹900
3 Months
₹300/Month
Smart Essential
₹2,700
1 Year
₹225/Month
Super Saver
₹3,900
2 Years
₹162/Month
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors
Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share
Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor
Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements
Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app