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Gold recovers on renewed off-take, silver zooms

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Press Trust of India Mumbai

Silver shot up on hectic speculative surge, well- supported by higher overseas cues.

Standard gold (99.5 purity) rose by Rs 40 to close at Rs 30,090 per 10 grams from Monday's closing level of Rs 30,050.

Pure gold (99.9 purity) went up by Rs 60 to conclude at Rs 30,240 per 10 grams from Rs 30,180 previously.

Silver ready (.999 fineness) spurted by Rs 1,030 per kg to finish at Rs 55,700 as against Rs 54,670 yesterday.

In New York, gold ended higher after trading in a narrow range as cautious investors awaiting actions from policy- makers.

Gold for December delivery moved up USD 3.60 to USD 1,623 an ounce on the Comex division of the NYMEX late yesterday.

 

Silver for September contract rose 59 cents to USD 28.59 an ounce.

  

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First Published: Aug 21 2012 | 6:35 PM IST

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