Gold, silver rebound on renewed demand, global support

Image
Press Trust of India Mumbai
Last Updated : Jun 03 2013 | 6:27 PM IST
Precious gold regained some of the lost ground and closed above the important Rs 27,000 per 10 gm mark at the domestic bullion market today on renewed stockists as well as investment demand.
Silver also recovered smartly owing to aggressive speculative buying, coupled with strong industrial off-take.
Standard gold of 99.5 per cent purity spurted by Rs 160 to finish at Rs 27,060 per 10 gm from last Saturday's closing level of Rs 26,900.
Pure gold of 99.9 per cent purity rose by Rs 155 to end at Rs 27,190 per 10 gm from Rs 27,035.
Silver ready (.999 fineness) also jumped by Rs 575 to conclude at Rs 45,250 per kg from weekend closing level of Rs 44,675.
On the global front, the yellow-metal is trading firm after rebounding from previous session two per cent fall on safe haven demand amid contrasting US macro economic data.
Spot gold was up at USD 1,394.56 an ounce in early European trade.
*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: Jun 03 2013 | 6:27 PM IST

Next Story