Gold reclaims Rs 30k mark on good retail demand, global cues

Gold extended its rising trend for the third straight session and reclaimed the Rs 30,000 per 10 gm mark at the domestic bullion market on the back of sustained retail offtake as well as investment buying.
Silver also moved up further on higher industrial support.
Standard gold of 99.5 per cent purity hardened by Rs 100 to finish at Rs 30,080 per 10 gm from Wednesday's closing level of Rs 29,980.
Pure gold of 99.9 per cent purity also rose by Rs 100 to end at Rs 30,230 per 10 gm from Rs 30,130.
Silver ready (.999 fineness) edged up by Rs 60 to close at Rs 50,100 per kg as compared to Rs 50,040 yesterday.

Globally, the yellow metal staged a strong rebound, jumping nearly USD 20 an ounce on safe haven demand on growing unease over the US budget woes alongwith short covering.
December gold settled at USD 1,336.20 an ounce on the Comex division of the NYMEX late yesterday and silver December contract added 30 cents to USD 21.89 an ounce.