Gold extends gains, silver recovers on fresh demand

Gold prices extended gains, rising by Rs 190 to close at Rs 29,650 per 10 grams at the bullion market here today due to firm demand from stockists and retailers.
Elsewhere, silver recovered owing to renewed demand from industrial units.
Standard gold (99.5 purity) rose by Rs 190 per 10 grams to close at Rs 29,650 from Friday's level of Rs 29,460.
Pure gold (99.9 purity) also moved up by a similar margin to finish at Rs 29,800 per 10 grams compared to Rs 29,610 previously.
Globally, gold slipped in early trade as the dollar rose, but prices still held near the one-month highs hit last week as political and economic uncertainty in the United States dominated sentiment.

Spot gold was down at USD 1,291.60 an ounce in early European trade compared with Friday's peak of USD 1,297, its strongest since October 16.
Silver was also down at USD 17.19 an ounce.