The Bold Voice of J&K

Gold, silver recover on fresh demand

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gold silverMumbai:- Gold prices recovered by Rs 95 per 10 grams at the domestic bullion market here on fresh demand from jewellery stockists supported by higher global cues.

Silver also rose by Rs 240 per kg on good speculative offtake and industrial demand.

Standard gold (99.5 purity) moved up by Rs 95 to close at Rs 29,840 per 10 grams from Monday’s closing level of Rs 29,745.

Pure gold (99.9 purity) also rose by a similar margin to end at Rs 29,990 per 10 grams as against Rs 29,895 previously.

Silver (.999 fineness) climbed by Rs 240 a kg to close at Rs 42,920 as compared to Rs 42,680 yesterday.

On the global front, gold prices rose as the dollar fell but receding worries about the outcome of the US election and expectations of US rate hike in December could mean lower levels.

Spot gold was up 0.5 per cent at USD 1,261.26 an ounce in early European trade.

US gold futures gained 0.5 per cent to USD 1,262.30 an ounce.

Silver was up more than 1 per cent at USD 17.60 an ounce.


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