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Gold, silver climb on investors off-take, global cues

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Press Trust of India Mumbai

Silver also hardened following consistent speculative demand on the back of good industrial buying.

Standard gold (99.5 purity) firmed up by Rs 115 to close at Rs 29,995 per 10 grams from last Saturday's closing level of Rs 29,880.

Pure gold (99.9 purity) also went up by similar margin of Rs 115 to end at Rs 30,135 per 10 grams from Rs 30,020.

Silver ready (.999 fineness) rose by Rs 220 per kg to finish at Rs 54,360 from Rs 54,140 last weekend.

In Europe, gold gained in a range bound trade amid hopes of Central Bank intervention for ailing euro pressured the dollar and speculation that weak global growth would prompt further stimulus measures.

 

Spot gold was bid up at USD 1,624.10 an ounce in early trade, while silver was traded flat at USD 28.09 an ounce.

  

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First Published: Aug 14 2012 | 4:21 AM IST

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