Gold rebounds on jewellers buying, silver gains

3 Apr 2018

Gold prices on Tuesday rebounded by Rs 130 per 10 grams, ending the three-day declining trend on the back of renewed buying by stockists and jewellers despite weak global trends.
Silver also rose owing to good industrial buying.
Standard gold (99.5 purity) gained 130 per ten grams to close at Rs 30,730 from previous closing level of Rs 30,600.
Pure gold (99.9 purity) also climbed by a similar margin to conclude at Rs 30,880 from Rs 30,750 per 10 grams previously.
Silver (.999 fineness) rose by Rs 100 per kilo to finish at Rs 38,395 from Rs 38,295.
Globally, gold prices edged lower. Spot gold was down 0.3 per cent at USD 1,337.31 an ounce at early trade after rising 1.3 per cent on Monday.
In other precious metals, spot silver was down 0.4 per cent at USD 16.55 an ounce after rising 1.8 per cent in the previous session. (PTI)