Gold gains on positive global cues, jewellers' buying

Gold prices edged higher by Rs 60 per 10 grams today, tracking a firm trend overseas amid scattered buying by local jewellers.
Silver too recouped marginally owing to mild offtake by industrial units and coin makers.
Standard gold (99.5 purity) rose by Rs 60 to finish at Rs 28,610 per 10 grams from Monday's level of Rs 28,550.
Pure gold (99.9 purity) also advanced by the same amount to close at Rs 28,760 per 10 grams as against Rs 28,700 earlier.
Silver (.999 fineness) moved up by Rs 25 per kg to conclude at Rs 37,090 compared to Rs 37,065 previously.

Globally, gold rose as caution ahead of the passage of sweeping new tax legislation in the United States weighed on the dollar, with traders uncertain of its actual impact on economic growth.
Spot gold was up 0.2 per cent at USD 1,263.62 an ounce at early trade.
Among other precious metals, silver was down 0.2 per cent at USD 16.10 an ounce.