Mumbai:- Gold prices rebounded from its overnight marginal losses at the domestic bullion market here today following fresh investors offtake amid renewed local buying interest, mainly driven by higher global cues.
In Europe, gold prices rose to their highest in two weeks as the dollar and US bond yields declined following weaker than expected economic data.
Silver also recovered smartly due to heavy speculative buying.
Standard gold (99.5 purity) rose by 125 per ten grams to end at Rs 27,695 from the previous closing level of Rs 27,570.
Pure gold (99.9 purity) also rallied by a similar margin to finish at Rs 27,845 from Rs 27,720 per 10 grams.
Silver (.999 fineness) climbed by Rs 565 per kg to conclude at Rs 39,865 from from Rs 39,300.
In London, Spot gold gained 0.4 per cent in early trade at USD 1,146.16 an ounce. While, spot silver rose 0.8 per cent at USD 16.10 an ounce.
PTI
