Gold,silver recover

PRESS TRUST OF INDIA

New Delhi, Feb 13: Both the precious metals, gold and silver, recovered here on Wednesday on emergence of buying at existing lower levels for the ongoing marriage season.
 Gold snapped its two-day losing trend, recovered by Rs 10 to Rs 30,800 per 10 grams. It had lost Rs 260 in last two trading sessions. Silver also rebounded by Rs 150 to Rs 58,000 per kg on increased offtake by industrial units, after losing Rs 1015 on Tuesday. Traders said emergence of buying at existing lower levels to meet the ongoing marriage season demand mainly led to recovery in gold prices.
 They said increased offtake by industrial units helped silver to rebound from Tuesday’s loss.
 Silver ready rebounded by Rs 150 to Rs 58,000 per kg and weekly-based delivery by Rs 200 to Rs 57,700 per kg.

Lastupdate on : Wed, 13 Feb 2013 21:30:00 Makkah time
Lastupdate on : Wed, 13 Feb 2013 18:30:00 GMT
Lastupdate on : Thu, 14 Feb 2013 00:00:00 IST



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