Gold moves up further, silver gains

Gold prices moved up further at the bullion market here today on good investors' offtake as well as mild local buying interest supported by higher overseas cues.

Silver recaptured the Rs 46,000-mark by surging Rs 365 per kg on good speculative buying and industrial demand.

Standard gold (99.5 purity) moved up by Rs 45 to close at Rs 31,200 per 10 grams from yesterday's closing level of Rs 31,155.

Pure gold (99.9 purity) also rose by a similar margin to end at Rs 31,350 per 10 grams as against Rs 31,305 previously.

Silver (.999 fineness) climbed by Rs 365 per kg to close at Rs 46,315 as compared to Rs 45,950 earlier.
 

In worldwide trade, gold rose, as concerns about Deutsche Bank triggered a sharp sell-off in equities which undermined risk appetite, but a higher dollar limited gains.

Spot gold was up 0.48 per cent to USD 1,326.41 an ounce in early European trade.

US gold futures were up 0.29 per cent at USD 1,329.80 an ounce.

Silver was up 1 per cent at USD 19.27 an ounce.