Mumbai:- Gold prices recovered smartly at the bullion market today on good local buying interest at the lower levels as well as investors offtake amidst tracking a firm trend overseas.
Elsewhere, silver also recouped following renewed offtake from industrial users.
Standard gold (99.5 purity) climbed by Rs 240 to end at Rs 26,100 per 10 grams from last Friday’s closing level of Rs 25,860.
Pure gold (99.9 purity) also rose by a similar margin to close at Rs 26,250 per 10 grams as compared to Rs 26,010 previously.
Silver (.999 fineness) shot-up by Rs 315 per kg to finish at Rs 33,240 from Rs 33,925 last weekend.
Globally, gold edged higher as crude oil prices slid to 12-year lows and European stocks fell on persistent worries about global growth, prompting investors to seek assets considered a safe store of value.
Spot gold was up at USD1,089.90 an ounce in early trade while, silver fell USD 13.89.
PTI
