Gold, silver book gains on global cues

Gold prices rebounded by Rs 245 to Rs 30,510 per ten grams today, largely on a firm trend overseas along with increased buying by local jewellers.

Silver, too, rallied Rs 240 per kg on increased offtake by industrial units.

Standard gold (99.5 per cent purity) moved up by Rs 245 to end at Rs 30,510 per ten grams from Tuesday's level of Rs 30,265.

Pure gold (99.9 per cent purity) also rose by a similar margin to close at Rs 30,660 per ten grams against Rs 30,415 earlier.

Silver (.999 fineness) shot up by Rs 240 to end at Rs 39,280 per kg as against Rs 39,040 previously.

Globally, gold hit a one-week high, rebounding from this week's seven-month low, helped by a softer dollar and smouldering trade tensions, though gains were limited by the prospect that rising interest rates will support the greenback.

Spot gold was trading up 0.2 per cent at USD 1,255.21 an ounce in early trade.

Silver was trading 0.1 per cent lower at USD 15.98 an ounce.