Gold regains ground on jewellers' buying

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Gold prices recovered Rs45 to Rs25,650 per 10 grams at the bullion market on Tuesday, tracking a firm global trend, amid fresh buying by jewellers at the domestic spot market. However, silver lacked buying support and plunged by Rs330 to Rs33,650 per kg.

    Traders said that apart from a firm global trend, emergence of buying by jewellers gave the recovery a leg-up.  Globally, gold rose 0.5 per cent to $1,074.39 an ounce in Singapore.   In the national capital, gold of 99.9 per cent and 99.5 per cent purity edged up by Rs 45 each to Rs25,650 and Rs25,500 per 10 grams, respectively.           

Daily Pioneer
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