MUMBAI, Gold prices recovered modestly after last three session slide at the domestic bullion market today on renewed off-take from stockists and investors as well as pick up in demand from from jewellery traders in the ongoing festival season. Silver also firmed up on higher speculative off-take amid good industrial demand.
Standard gold (99.5 purity) rose by Rs 65 to close at Rs 29,765 per 10 grams from last Saturday's closing level of Rs 29,700. Pure gold (99.9 purity) gained Rs 60 to conclude at Rs 29,900 per 10 grams from Rs 29,840 previously. Silver ready (.999 fineness) added by Rs 75 per kg to finish at Rs 53,680 as compared to Rs 53,605 last weekend.
In Europe, gold extended its last week gains in narrow trade. Spot gold bid up at USD 1,608.20 an ounce in early trade, while silver traded flat at USD 27.75 an ounce.
Edited By Cen Fox Post Team
