Gold rebounds on global cues, silver reclaims Rs 45k level

Riding on a global trend, gold prices rebounded smartly at the domestic bullion market here today following strong offtake from investors and jewellers.
Elsewhere, silver also zoomed to reclaim the key Rs 45,000 mark, its highest in last two-years, due to heavy speculative offtake coupled with firm industrial demand.
Standard gold (99.5 purity) climbed by Rs 185 to close at Rs 30,745 per 10 grams from Thursday's closing level of Rs 30,560.
Pure gold (99.9 purity) also rose by a similar margin to conclude at Rs 30,895 per 10 grams from Rs 30,710.
Silver (.999 fineness) zoomed up by Rs 1,520 to end at Rs 45,080 per kg as against Rs 43,560 yesterday.

The level has not been seen since August 1, 2014.

Globally, the yellow-metal rose 1 per cent and was headed for its fifth weekly gain, supported by a weaker dollar and prospects for further monetary policy easing in the wake of Britain's vote to leave the European Union.
Spot gold rose to a session high of USD 1,338 an ounce, and was up 0.9 per cent at USD 1,333.80 in early trade.
Gold's strength benefited silver, which breached the USD 19 an ounce level on Friday for the first time since September 2014.