Mumbai:- Gold prices rebounded by Rs 235 per ten grams after its three-days slide, at the bullion market today, tracking a firm trend overseas and fresh buying by jewellery stockists to meet wedding season demand.
Silver followed suit and rose higher by Rs 465 per kg on increased offtake by industrial units.
Standard gold (99.5 purity) jumped by Rs 235 to end at Rs 29,285 per 10 grams from last Friday’s closing level of Rs 29,050.
Pure gold (99.9 purity) also rose by a similar margin to conclude at Rs 29,435 per 10 grams compared to Rs 29,200.
Silver (.999 fineness) zoomed by Rs 465 per kg to finish at Rs 41,950 from Rs 41,485 earlier.
Globally, gold rose, touching its highest in two months as unease over the economic policies of US President Donald Trump pushed investors towards safer assets and the dollar and US bond yields fell.
Spot gold was up 0.2 per cent at USD 1,212.06 an ounce at early trade. It earlier touched USD 1,219.43, its highest since November 22.
Among other precious metals, silver was up 0.3 per cent at USD 17.11 an ounce.
PTI
