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Gold, silver recover on renewed buying, global cues

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Press Trust of India Mumbai
Last Updated : Sep 17 2013 | 7:16 PM IST
Gold prices recovered moderately after overnight loss and reclaimed the Rs 30,000 per 10gm mark at the domestic bullion market today on renewed off-take from stockists and traders on the backdrop of higher global cues.
Silver also gained on fresh speculative demand.
Standard gold of 99.5 per cent purity rose by Rs 360 to close at Rs 30,010 per 10 gm from Monday's closing level of Rs 29,650.
Pure gold of 99.9 per cent purity also went-up by a similar margin to end at Rs 30,160 per 10 gm from Rs 29,800.
Silver ready (.999 fineness) climbed up by Rs 670 to conclude at Rs 50,870 per kg from Rs 50,200 yesterday.
In overseas markets, gold moved up as the dollar remained under pressure amid anticipation that the US Federal Reserve will announce only a modest tapering in its bond- buying stimulus at its two-day meeting.
In London, spot gold was bid higher at USD 1,316.89 an ounce in early trade, while spot silver bid up at USD 21.39 an ounce.

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First Published: Sep 17 2013 | 7:16 PM IST

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