Mumbai:- After losing for four days, gold prices recovered by Rs 60 per 10 grams at the domestic bullion market here today on fresh demand from jewellery stockists amid low level of local buying interest.
Silver also rose by Rs 265 per kg on good speculative offtake and industrial demand.
Standard gold (99.5 purity) moved up by Rs 60 to close at Rs 30,845 per 10 grams from Thursday’s closing level of Rs 30,785.
Pure gold (99.9 purity) also rose by a similar margin to end at Rs 30,995 per 10 grams as against Rs 30,935 previously.
Silver (.999 fineness) climbed by Rs 265 per kg to close at Rs 45,300 as compared to Rs 45,035 yesterday.
Globally, gold edged lower, heading for its second consecutive week of losses as the dollar strengthened ahead of US jobs data which is expected to provide clues on the timing of a possible interest rate hike.
In London, spot gold was down 0.27 per cent at USD 1,313.60 an ounce in early trade, having hit its lowest since June 24 at USD 1,301.91 on Thursday after jobless claims data beat expectations.
Silver was almost unchanged at USD 18.82 an ounce.
PTI
