Gold firms up on steady buying; silver recovers

Gold firmed up further at the bullion market today on steady demand from stockists and traders amid good local buying interest in the backdrop of the ensuing festivities and wedding season.
Silver recovered owing to moderate speculative off-take following renewed industrial demand.
Standard gold of 99.5 per cent purity advanced by Rs 150 to close at Rs 30,395 per 10 gram, from last Saturday's closing level of Rs 30,245.
Pure gold of 99.9 per cent purity added Rs 135 to end at Rs 30,530 per 10 gram from Rs 30,395.
Silver ready (.999 fineness) rose by Rs 580 to conclude at Rs 48,660 per kg from Rs 48,080 last weekend.

Globally, gold gained, but cautiousness prevailed as the US budget impasse remained unsettled amid speculation that an eleventh hour solution to the debt crisis will be found.
In London, gold bid up at USD 1,281.96 an ounce in early trade and silver bid higher at USD 21.48 an ounce.