Gold, silver make some recovery on fresh demand, global events

Gold prices recovered at the domestic bullion market here today on fresh demand from jewellery stockist supported by bullish overseas cues.
Silver gained marginally because of mild speculative and good industrial offtake.
Standard gold (99.5 per cent purity) rose by Rs 135 to settle at Rs 29,295 per 10 grams, from last Friday's level of Rs 29,160.
Pure gold (99.9 per cent purity) also moved down by a similar margin to Rs 29,445 per 10 grams as against Rs 29,310 previously.
Silver (.999 fineness) went up by Rs 35 to conclude at Rs 41,800 per kg as against Rs 41,765 last Friday.

Globally, gold rose in early European trade rebounding from 5-1/2 month lows as the dollar shed some of the hefty gains made in the previous week on bets that US President-elect Donald Trump's plans for fiscal stimulus would prove inflationary. As the dollar took a breather today, gold clawed back some lost ground.
Spot gold was up at USD 1,214.21 an ounce early trade and silver too rose to USD 16.67 an ounce.