Mumbai:- Gold prices rebounded sharply by Rs 240 per 10 grams at the bullion market here today, tracking a firm trend overseas amid fresh buying by jewellers.
Elsewhere, silver also spurted by Rs 755 per kg on increased offtake by industrial units.
Standard gold (99.5 purity) climbed by Rs 240 to end at Rs 31,315 per 10 grams from previous level of Rs 31,075.
Pure gold (99.9 purity) also rose by a similar margin to close at Rs 31,465 per 10 grams from Rs 31,225.
Silver (.999 fineness) shot-up Rs 755 to end Rs 47,170 per kg as against Rs 46,415 earlier.
Globally, yellow metal firmed after rallying to its highest since March 2014 a day earlier on the back of concerns about Britain’s vote to exit the European Union, though strength in stocks and the dollar limited gains.
Spot gold was up 0.2 per cent at USD 1,366.66 an ounce in early trade, while US gold futures for August delivery were up USD 1.20 an ounce at USD 1,368.30.
Silver was up 0.1 per cent at USD 20.09 an ounce.
PTI
