Gold perks up on global cues; silver tops Rs 38,000

Snapping its two-day losing streak, gold prices rebounded at the bullion market here today, tracking a firm trend overseas along with fresh buying by local jewellers.
Silver also rose by Rs 625 per kg on increased offtake by industrial units.
Standard gold (99.5 purity) rose by Rs 230 to settle at Rs 28,555 per 10 grams from Wednesday's closing level of Rs 28,325.
Pure gold (99.9 purity) also rose by a similar margin at Rs 28,705 per 10 grams as compared to Rs 28,475 previously.
Silver (.999 fineness) shot-up up by Rs 625 to finish at Rs 38,370 per kg as against Rs 37,745 yesterday.

In worldwide trade, Gold touched its highest in six weeks, lifted by short-covering and a weak dollar after investors bet US interest rates could be kept low for longer.
Spot gold had climbed 0.2 per cent to USD 1,262.58 an ounce at early trade after reaching USD 1,264.90, its highest since June 15.
In other precious metals, silver rose 0.5 per cent to USD 16.71 per ounce. It earlier hit USD 16.77, its highest since June 29.