Gold recovers on brisk buying, silver also edges up

Image
Press Trust of India Mumbai
Last Updated : Jan 25 2013 | 5:33 AM IST

Silver also edged up on renewed speculative off-take.

Standard gold (99.5 purity) rose by Rs 90 per 10 grams to end at Rs 31,070 from Thursday's closing level of Rs 30,980.

Pure gold (99.9 purity) also gained Rs 90 to close at Rs 31,210 from Rs 31,120.

Silver ready (.999 fineness) moved up by Rs 30 per kg to finish at 61,760 from Rs 61,730 previously.

In Europe, gold surged on strong euro following European Central Bank (ECB)-reflected bond buying from indebted nations as well as cautiousness ahead of a key US employment report.

Spot gold was bid up by USD 1,789.29 an ounce (28.35 gm) in early trade. However, spot silver was bid down at USD 34.89 an ounce.

  

*Subscribe to Business Standard digital and get complimentary access to The New York Times

Smart Quarterly

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

Renews automatically, cancel anytime

Here’s what’s included in our digital subscription plans

Exclusive premium stories online

  • Over 30 premium stories daily, handpicked by our editors

Complimentary Access to The New York Times

  • News, Games, Cooking, Audio, Wirecutter & The Athletic

Business Standard Epaper

  • Digital replica of our daily newspaper — with options to read, save, and share

Curated Newsletters

  • Insights on markets, finance, politics, tech, and more delivered to your inbox

Market Analysis & Investment Insights

  • In-depth market analysis & insights with access to The Smart Investor

Archives

  • Repository of articles and publications dating back to 1997

Ad-free Reading

  • Uninterrupted reading experience with no advertisements

Seamless Access Across All Devices

  • Access Business Standard across devices — mobile, tablet, or PC, via web or app

More From This Section

First Published: Oct 05 2012 | 6:25 PM IST

Next Story