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Gold firms up on global cues, silver recovers

Gold firms up on global cues, silver recovers
PTI
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First Published: Wed, Jul 14 2010. 07 47 PM IST
Updated: Wed, Jul 14 2010. 07 47 PM IST
Mumbai: Gold prices firmed up further at the bullion market here on Wednesday on persistent buying by stockists and jewellers supported by bullish trend in the overseas market.
Silver recovered on fresh industrial demand as well as hectic speculative off-take.
Standard gold (99.5 purity) rose by Rs50 per ten grams to end at Rs18,460 from its previous closing level of Rs18,410.
Pure gold (99.9 purity) also gained by a similar margin to conclude at Rs18,550 per ten grams as against Rs18,500 on Tuesday.
Silver ready (.999 fineness) strengthened by Rs220 per kilo to finish at Rs29,605 from Rs29,385.
In Europe, spot gold was bid at $1,211.85 an ounce in early trade as against $1,210.65 late in New York on Tuesday.
Silver was edged up at $18.24 from $18.20 an ounce.
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First Published: Wed, Jul 14 2010. 07 47 PM IST
More Topics: Gold | Bullion | Silver | Commodity | Markets |