Mumbai:- Gold rebounded and reclaimed the Rs 26,000-mark at the bullion market here today supported by fresh purchases by jewellers amid a firm global trend.
Silver continued its upward journey and surged by Rs 280 to Rs 34,715 per kg on increased offtake by industrial users.
Standard gold (99.5 purity) climbed up by Rs 305 to settle at Rs 26,295 per 10 grams from yesterday’s closing level of Rs 25,990.
Pure gold (99.9 purity) also rose by a similar margin to end at Rs 26,445 per 10 grams against Rs 26,140 earlier.
Silver (.999 fineness) strengthened by Rs 280 per kg to conclude at Rs 34,715 compared with Rs 34,435 yesterday.
Globally, gold rose, benefiting from a weaker dollar and ailing European shares, which slid to their lowest since October 2014 as oil prices continued their relentless slump.
Spot gold rose 0.7 per cent to USD 1,093.90 an ounce in early trade, while US gold for February delivery gained 0.5 percent to USD 1,094.30 an ounce.
Among other precious metal, spot silver was up 0.4 per cent at USD 14.07 an ounce.
PTI
