Gold, silver rebound on global cues

Elsewhere, silver too rebounded mildly by Rs 45 per kg owing to fresh offtake by industrial units.

Standard gold (99.5 purity) climbed by Rs 195 to close at Rs 30,500 per 10 grams from Monday's level of Rs 30,305.

Pure gold (99.9 purity) also rose by a similar margin to finish at Rs 30,650 per 10 grams compared to Rs 30,455 previously.

Silver (.999 fineness) moved up by Rs 45 per kg to conclude at Rs 38,775 as against Rs 38,730 yesterday.

Globally, gold prices edged higher in early trade but did not see a larger safe-haven boost from tumbling equity markets because the global economy is largely robust and shares were thought likely to rebound.

Spot gold was up at USD 1,343 per ounce in early European trade, barely extending Monday's 0.5 percent gain.

Spot silver rose to USD 16.89 per ounce. It fell 3.7 percent on Friday in its biggest one-day decline since December 2016.