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Gold gains on fresh buying by stockists, global trend

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Press Trust Of India New Delhi
Gold prices recovered Rs 100 to Rs 30,000 per 10g in the national capital on Friday on fresh buying by stockists amid a firm global trend. Silver also gained for the third straight session by surging Rs 750 to Rs 44,750 a kg on increased offtake industrial units and coin makers.

In Mumbai, gold of 99.9 and 99.5 per cent purity fell Rs 160 and Rs 170 to Rs 29,780 and Rs 29,630 per 10g, respectively; while silver gained Rs 60 to Rs 44,500 a kg.

Gold in Singapore, which normally sets price trend on the domestic front, was trading at $1,213.39 an ounce, while silver rose one per cent to USD 19.97 an ounce. In Delhi, gold of 99.9 and 99.5 per cent purity rebounded by Rs 100 each to Rs 30,000 and Rs 29,800 per 10g, respectively. It had lost Rs 275 on Thursday.

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First Published: Dec 27 2013 | 11:08 PM IST

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