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Gold recovers on renewed demand; silver slips by Rs 90

Press Trust of India  |  Mumbai 

prices recovered marginally by Rs 40 to close at Rs 30,360 per 10 grams at the market here today following renewed demand from stockists and retailers, even as the weakened overseas.

However, silver declined further by Rs 90 per kg on lack of buying support from industrial units.

Standard (99.5 per cent purity) rose by Rs 40 to finish at Rs 30,360 per 10 grams from last Friday's closing level of Rs 30,320.

Pure (99.9 per cent purity) also moved up by a similar margin to close at Rs 30,510 per 10 grams as against Rs 30,470.

Silver (.999 fineness) prices declined by Rs 90 to conclude at Rs 39,130 per kg compared to Rs 39,220 previously.

Globally, gold slipped back towards its lowest in more than six months as the currencies of key consumers weakened, making it more expensive for them to buy dollar-priced

It was down 0.3 per cent at USD 1,248.98 an ounce at early trade on Monday.

In other precious metals, silver was down 0.7 per cent at USD 15.97 an ounce.

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

First Published: Mon, July 02 2018. 18:35 IST