Gold perks up, silver reclaims Rs 48,000 level

Gold prices rebounded at the domestic bullion market here today following strong offtake from investors and jewellers.
Elsewhere, silver also rebounded to reclaim the key Rs 48,000 mark on heavy speculative offtake coupled with rising industrial demand.
Standard gold (99.5 purity) surged by Rs 135 to finish at Rs 31,095 per 10 grams from last Friday's closing level of Rs 30,960.
Pure gold (99.9 purity) also rose by a similar margin to end at Rs 31,245 per 10 grams as compared to Rs 31,110 earlier.
Silver (.999 fineness) spurted by a whopping Rs 715 per kg to conclude at Rs 48,185 as against Rs 47,470 earlier.

In worldwide trade, gold inched lower, retreating from a near three-week high hit in the previous session, as the dollar recovered from the lows, but uncertainty on the Federal Reserve's interest rates path limited losses.

Spot gold was down 0.1 percent at USD 1,349.15 an ounce in early trade. Bullion hit USD 1,355.10 last Friday, its highest level since July 12, after much lower-than-expected U.S. economic growth weighed on the dollar.
Gold in the US eased 0.1 percent at USD 1,356 an ounce.
Among other precious metals, spot silver touched a 3-week high of USD 20.64 an ounce, before steadying up 0.9 percent at USD 20.49.