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Gold, silver rebound in mute trade

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Press Trust of India Mumbai
Gold prices rebounded modestly at the domestic bullion market here today due to fresh offtake by retail jewellers and local buyers on the back of steady global cues.

Silver also recouped marginally following speculative buying.

Standard gold (99.5 purity) rose by Rs 50 to close at Rs 25,960 per 10 grams from Tuesday's closing level of Rs 25,910.

Pure gold (99.9 purity) also moved up by a similar margin to end at Rs 26,110 per 10 grams from Rs 26,060.

Silver (.999 fineness) climbed by Rs 25 to settle at Rs 35,670 per kg compared Rs 35,645 yesterday.

Globally, gold was trading steady in early trade as investors awaited Federal Reserve Chair Janet Yellen's congressional testimony for more clues on the timing of a US interest rate rise expected later this year.
 

In London, Spot gold was little changed at USD 1,155 an ounce in early European trade and silver quoted down at USD 15.30 an ounce.

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First Published: Jul 15 2015 | 6:22 PM IST

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