Gold, silver rebound on renewed demand, global support

Precious gold regained some of the lost ground and closed above the important Rs 27,000 per 10 gm mark at the domestic bullion market today on renewed stockists as well as investment demand.
Silver also recovered smartly owing to aggressive speculative buying, coupled with strong industrial off-take.
Standard gold of 99.5 per cent purity spurted by Rs 160 to finish at Rs 27,060 per 10 gm from last Saturday's closing level of Rs 26,900.
Pure gold of 99.9 per cent purity rose by Rs 155 to end at Rs 27,190 per 10 gm from Rs 27,035.
Silver ready (.999 fineness) also jumped by Rs 575 to conclude at Rs 45,250 per kg from weekend closing level of Rs 44,675.

On the global front, the yellow-metal is trading firm after rebounding from previous session two per cent fall on safe haven demand amid contrasting US macro economic data.
Spot gold was up at USD 1,394.56 an ounce in early European trade.