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Gold prices recovered smartly at the domestic bullion market here today on good lower level buying by stockists and jewellers after its overnight losses.
Silver also bounced back on higher speculative as well as industrial offtake.
Standard gold (99.5 purity) rose by Rs 110 to close at Rs 26,910 per 10 grams from Monday’s closing level of Rs 26,800.
Pure gold (99.9 purity) also gained by a similar margin of Rs 110 per 10 grams to conclude at Rs 27,060 per 10 grams from Rs 26,950.
Silver (.999 fineness) surged by Rs 195 to end at Rs 38,870 per kg as against Rs 38,675 yesterday.
Globally, gold was trading higher as the dollar fell with uncertainty persisting over whether a high—level meeting on Greece’s debt crisis might herald a significant breakthrough.
In London, spot gold was trading 0.2 per cent higher at $1,187.90 an ounce in early trade. However, silver was trading 0.2 per cent lower at $16.66 an ounce.
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