Mumbai:- Gold saw a mild recovery after its four-day fall at the domestic bullion market here today following renewed buying by jewellery stockists and retailers.
Elsewhere, silver also rebounded owing to fresh speculative buying amid good industrial offtake.
Standard gold (99.5 purity) advanced by Rs 50 to end at Rs 29,195 per 10 grams from last Friday’s level of Rs 29,145.
Pure gold (99.9 purity) also rose by a similar margin to conclude at Rs 29,345 per 10 grams from Rs 29,295.
Silver (.999 fineness) jumped by Rs 330 per kg to finish at Rs 43,180 compared to Rs 42,850 previously.
Globally, gold steadied after falling to two-week lows in the previous session after Fed Chair Janet Yellen reinforced expectations the US central bank would raise interest rates this month.
Spot gold was down 0.2 per cent to USD 1,231.6 an ounce in early trade, after Friday’s slide to USD 1,222.51, the lowest since February 15.
Elsewhere, spot silver fell 1 per cent to USD 17.78 per ounce.
PTI
