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Gold rebounds on increased demand

Press Trust of India  |  Mumbai 

Snapping a four-session fall, prices rebounded at the domestic market here today on fresh buying by stockists and retailers.

Silver too attracted increased buying support for the second day from industrial units.

Standard (99.5 purity) moved up by Rs 125 to close at Rs 30,375 per 10 grams from Tuesday's closing level of Rs 30,250.

Pure (99.9 purity) also rose by a similar margin to end at Rs 30,525 per 10 grams as against Rs 30,400 previously.

Silver (.999 fineness) climbed by Rs 100 per kg to close at Rs 38,445 as compared to Rs 38,345 yesterday.

Globally, Gold prices steadied, supported by safe-haven buying after the sudden dismissal US but pressured by a recovering dollar.

Spot gold was flat at USD 1,325.97 per ounce at early trade.

Silver rose 0.2 per cent to USD 16.58 per ounce.

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Wed, March 14 2018. 19:15 IST