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Gold rebounds on heavy stockists demand, silver too gains

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Press Trust of India Mumbai
Last Updated : Jan 21 2013 | 4:14 AM IST

Gold prices rebounded smartly at the bullion market here today on emergence of fresh buying from stockists and speculators.

Silver also recovered due to good industrial buying support.

"Though, the global cues were not supportive for the yellow metal, it attracted good amount of buying from jewellers at lower levels to meet the heavy seasonal demand," traders said.

Standard gold (99.5 purity) shot up by Rs 110 per ten grams to end at Rs 18,235 from overnight closing level of Rs 18,125.

Pure gold (99.9 purity) also hardened by Rs 115 per ten grams to end at Rs 18,330, as against Rs 18,215 yesterday.

Silver ready (.999 fineness) firmed up by Rs 140 per kilo to finish at Rs 29,575 from Tuesday's close of Rs 29,435.

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First Published: Aug 11 2010 | 6:28 PM IST

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