Gold Prices Recover On Local Buying And Global Cues

Gold prices after having fallen substantially this month, firm up again to Rs. 29550 per 10 grams in Delhi today. This has come on the back of increase in demand from local jewelers and global cues.

In the international markets, gold surged in price to $1,255.10 an ounce while silver touched $16.06 an ounce in trade yesterday in New York.

In the national capital, gold of 99.9% and 99.5% purity rallied by Rs. 40 for both to Rs29,550 and Rs29,400/10 grams respectively. In yesterday's trade, gold prices fell by Rs.155.

Silver also surged in prices by Rs. 300 to Rs38,100 per kg while the prices for silver coins remained unchanged at Rs. 70000 and Rs. 71000 for buying and selling respectively of 100 silver coins.

With Input From PTI