Gold rebounds on renewed demand, silver reclaims 44K level

Gold prices rebounded smartly by Rs 340 to Rs 29,645 per 10 grams here today following renewed demand from jewellery stockist and retailers.
Meanwhile, silver surged by Rs 775 to reclaim Rs 44k level on fresh buying support from industrial units.
Standard gold (99.5 purity) climbed by Rs 340 to end at Rs 29,645 per 10 grams from last Thursday's close of Rs 29,305.
Pure gold (99.9 purity) also rose by a similar margin to finish at Rs 29,795 per 10 grams compared to Rs 29,455 previously.
Silver (.999 fineness) surged by Rs 775 to settle at Rs 44,030 per kg as against Rs 43,255 earlier.

Globally, Gold held steady near 3-1/2 month highs as investors waited for US President Donald Trump to outline plans for tax cuts, infrastructure spending, levies on imports and foreign policy.
Spot gold was little changed at USD 1,256.18 an ounce in early European trade, having touched its highest since November 11 at USD 1,260.10 in the previous session, and the Spot silver was flat at USD 18.35 an ounce.