Mumbai:- Gold prices recovered modestly at the domestic bullion market here today due to fresh buying by stockists as well as local consumers, amid higher global cues.
Silver also witnessed higher speculation and regained the 43K-level on renewed industrial offtake after its overnight fall.
Standard gold (99.5 purity) rose by Rs 75 to close at Rs 30,635 per 10 grams from Tuesday’s closing level of Rs 30,560.
Pure gold (99.9 purity) also moved up by a similar margin to conclude at Rs 30,785 per 10 grams from Rs 30,710.
Silver (.999 fineness) shot-up Rs 970 to end Rs 43,230 per kg as against Rs 42,260 yesterday.
Globally, gold rose in early European trade as the dollar retreated and investor appetite for safe assets continued on longer-term financial uncertainty following Britain’s surprise vote to leave the European Union.
Spot gold rose 0.4 per cent to USD 1,317.50 an ounce in early trade, while U.S. gold was up 0.4 per cent at USD 1,323.10.
Spot silver gained 2.6 per cent to USD 18.20 per ounce and tread close to Friday’s one-and-half-year high of USD 18.31.
PTI
