New Delhi - Both the precious metals, gold and silver, rebounded today on fresh buying by stockists and retail customers for the ongoing festive season, amid a firm global trend.
While gold surged Rs 240 to Rs 31,500 per 10 grams after losing Rs 540 in last three sessions, silver climbed by Rs 370 to Rs 60,300 per kg, after losing Rs 1470 in the previous four sessions.
Traders said the sentiment turned better on rising Navratri demand.
In Singapore, gold rose by 0.3 per cent to USD 1,753.53 an ounce and silver by 0.6 per cent to USD 33.15 an ounce.
On the domestic front, gold of 99.9 and 99.5 per cent purity surged by Rs 240 each to Rs 31,500 and Rs 31,300 per 10 grams, respectively, while sovereigns gained Rs 50 to Rs 25,450 per piece of eight grams.
In line with a general firming trend, silver ready shot up by Rs 370 to Rs 60,300 per kg and weekly—based delivery by Rs 350 to Rs 60,250 per kg. Silver coins too spurted by Rs 1,000 to Rs 76,000 for buying and Rs 77,000 for selling of 100 pieces on upsurge in demand due to festive season.
| Other Articles: |
 |
Hope for couples living in congested accommodation (17th Oct, 2012) |
 |
Sensex down 33 points as metals, oil stocks plummet (17th Oct, 2012) |
 |
Lupin gets US nod to market generic Avapro tablets (17th Oct, 2012) |
 |
News Corp shareholders reject splitting Murdoch's role as chairman, chief executive (17th Oct, 2012) |
 |
Intel sees decline in sales, profits in Q3 (17th Oct, 2012) |
 |
LinkedIn to redesign profile pages (17th Oct, 2012) |
 |
Citigroup chief executive Vikram Pandit quits after 'boardroom clash' (17th Oct, 2012) |
 |
Maruti eyes 10 percent sales growth in second half of FY13 (17th Oct, 2012) |
 |
US jeweller offers rifles with engagement rings (17th Oct, 2012) |
 |
Shoe with in-built GPS (17th Oct, 2012) |
 |
Britain's inflation rate drops (17th Oct, 2012) |
 |
Tata's Nano to hit US market (17th Oct, 2012) |
 |
Tata Motors launches Manza Club Class sedan (17th Oct, 2012) |
 |
Huawei launches LTE smartphone with Qualcomm, Bharti Airtel (17th Oct, 2012) |
 |
Vikram Pandit quits as Citigroup chief (17th Oct, 2012) |
 |
Munda inaugurates 270 MW power unit (17th Oct, 2012) |
 |
ICFOSS draws up pre-incubation programme (17th Oct, 2012) |
 |
Vikram Pandit resigns as Citi CEO (17th Oct, 2012) |
 |
Today Rupee up 22 paise versus US dollar in early trade (17th Oct, 2012) |
 |
No development fees at Delhi and Mumbai airports from 2013 (16th Oct, 2012) |
 |
Russian companies for joint ventures with Indian business (16th Oct, 2012) |
 |
CII seeks new Himachal industrial policy (16th Oct, 2012) |
 |
Essar Ports quarter net profit doubles (16th Oct, 2012) |
 |
Geojit BNP Paribas second quarter profit jumps (16th Oct, 2012) |
 |
Kolkata shopkeepers do brisk business as festive season commences (16th Oct, 2012) |