Both the precious metals, gold and silver, recovered on the bullion market here today on fresh local buying interest coupled with higher global advices.
Gold retreated from highs in Europe as the dollar recovered initial losses against the euro, denting the precious metal's appeal as an alternative asset to the U.S.currency.
Spot gold was bid at $950.35 an ounce as against $950.05 an ounce late in New York on Monday. Earlier it rose as high as $954.95 an ounce.
In the domestic market, standard gold (99.5 purity) moved up by Rs 25 per ten grams to Rs 14,630 from yesterday's closing level of Rs 14,605.
Pure gold (99.9 purity) also looked up by Rs 30 per ten grams to Rs 14,700 from Rs 14,670 yesterday.
Silver ready (.999 fineness) rose by Rs 60 per kilo to Rs 23,285 from Rs 23,225 previously.
