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Gold, silver prices recover on modest offtake, global cues

Silver also gained following mild speculative buying. Standard gold (99.5 purity) rose by Rs 95 to end at Rs 25,900 per 10 grams from Thursday's closing level of Rs 25,805.

twitter-logo PTI   Mumbai     Last Updated: March 13, 2015  | 19:44 IST
Gold, silver prices recover on modest offtake, global cues
Pure gold (99.9 purity) also went up by a similar margin to conclude at Rs 26,050 per 10 grams from Rs 25,955.

After its three-session slide, gold prices recovered slightly at the bullion market in Mumbai on modest offtake from stockist and investors as well as low level jewellery buying interest on the back of improved International markets.

Silver also gained following mild speculative buying.

Standard gold (99.5 purity) rose by Rs 95 to end at Rs 25,900 per 10 grams from Thursday's closing level of Rs 25,805.

Pure gold (99.9 purity) also went up by a similar margin to conclude at Rs 26,050 per 10 grams from Rs 25,955.

Silver (.999 fineness) moved up by Rs 85 per kg to close at Rs 36,205 as compared to Rs 36,120 on Thursday.

Globally, in Europe gold firmed up after nine straight sessions of losses, as the dollar nursed losses following its biggest one-day fall in a month late on Thursday.

In London, spot gold edged up 0.3 per cent to $1,156.20 an ounce in early trade. while spot silver were down 0.3 per cent at $15.52 an ounce.

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