Gold, silver rebound on renewed demand, global cues
Gold prices today rebounded by Rs 285 to end a three-day slide at the bullion market here on fresh buying by jewellery stockists and retailers amid firm overseas cues.
By : migrator
Update: 2018-03-05 13:56 GMT
Mumbai
Silver also regained its lost ground by climbing Rs 465 per kg due to robust industrial demand.
Standard gold (99.5 purity) shot up by Rs 285 to finish at Rs 30,515 per 10 grams from last Thursday's closing level of Rs 30,230.
Pure gold (99.9 purity) also jumped by a similar margin to conclude at Rs 30,665 per 10 grams against Rs 30,380 earlier.
Silver (.999 fineness) spurted by Rs 465 to finish at Rs 38,550 from Rs 38,085.
Globally, gold touched a near one-week high as investors opted for safe-haven assets on political uncertainty in Italy and fears of a potential escalation of a simmering global trade war.
Spot gold was up 0.3 per cent to USD 1,325.91 per ounce at early trade after touching its highest since Feb. 27 at USD 1,327.86. Silver rose 0.2 per cent to USD 16.52 per ounce.
Visit news.dtnext.in to explore our interactive epaper!
Download the DT Next app for more exciting features!
Click here for iOS
Click here for Android