Gold recovers on mild demand, silver softens

Gold prices recovered marginally to close at Rs 29,460 per 10 grams at the bullion market here today due to mild demand from stockists and retailers amid bullish global cues.
Elsewhere, silver almost ended flat owing to lower demand from consuming industries.
Standard gold (99.5 purity) edged up by Rs 15 per 10 grams to settle at Rs 29,460 as against Thursday's closing level of Rs 29,445.
Pure gold (99.9 purity) also moved up by a similar margin to end at Rs 29,610 per 10 grams against Rs 29,595 earlier.
Silver (.999 fineness) fell by Rs 5 per kg to finish at Rs 39,590 compared to Rs 39,595 previously.

Globally, gold rose on the back of a softer dollar after a report about a US probe requesting more documents linked to possible Russian interference in the 2016 election.
Spot gold was up 0.4 per cent at USD 1,283.36 per ounce at early trade.
Among other precious metals, silver added 0.1 per cent to USD 17.09 an ounce.