Gold, silver gain on retail buying, firm global trends
Trading sentiment improved as retail customers and investors purchased precious metals at attractive lower levels to meet upcoming festival demand and shifting of funds from melting equities to bullion.
The up-move was further supported on firming trend in overseas markets where gold rose alongside commodities from crude oil to copper, according to commodity experts.
The gold in New York, which set trend of prices on domestic front, rose 0.1 per cent to USD 1,659.85 an ounce and silver by 0.2 per cent to USD 30.43 an ounce.
Official data showed that China