Gold & Silver

Gold spurts on firm buying, silver also edges up

PTI Mumbai | Updated on December 20, 2011 Published on December 20, 2011

Gold prices recovered smartly at the bullion market here on Tuesday on fresh off—take by investors and jewellery buying at lower levels amid higher European cues.

Silver also regained moderately on the back of renewed speculative demand.

Standard gold of 99.5 per cent purity rose by Rs 200 to close at Rs 27,570 per 10 grams from Monday’s close of Rs 27,370.

Pure gold of 99.9 per cent purity surged by Rs 205 to end at Rs 27,700 per 10 grams from Rs 27,495 yesterday.

Silver ready (.999 fineness) spurted by Rs 415 to finish at Rs 52,675 per kg as against Rs 52,260 previously.

In Europe, gold prices gained on lower dollar amid Eurozone Ministers’ decision to boost IMF resources to tackle debt crisis.

Spot gold was bid up at $1,606.00 an ounce in early trade, while silver was bid at $29.25 an ounce.

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Published on December 20, 2011
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