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Gold recovers on mild offtake; silver eases

Press Trust of India  |  Mumbai 

Gold prices recovered slightly at the bullion market here today on mild investor offtake, coupled with local buying interest at the lower levels.

While silver eased further on continued speculative selling as well as muted industrial demand.

Gold largely shrugged off geopolitical tensions on firing of another missile by North Korea that flew over

Standard gold (99.5 purity) edged up by Rs 20 to close at Rs 29,905 per 10 grams from Thursday's closing level of Rs 29,885.

Pure gold (99.9 purity) also gained by a similar margin to end at Rs 30,055 per 10 grams as against Rs 30,035 previously.

However, silver (.999 fineness) slipped by Rs 30 to finish at Rs 40,455 per kg as against Rs 40,485 yesterday.

Globally, gold fell after a European Central official called for scaling back the bank's stimulus programme and strong US data raised the prospects of another

In London, spot gold was down 0.5 percent at USD 1,323.21 an ounce at early trade.

While, silver fell 0.3 percent to USD 17.69 an ounce.

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

First Published: Fri, September 15 2017. 18:57 IST