MUMBAI: Gold prices firmed up on the bullion market here on persistent domestic demand and buying by stockists amid firm cues in overseas market. Silver recovered moderately on the back of fresh demand from industrial users. In New York on Thursday, gold futures for December delivery rose by USD 16.60 an ounce to end at USD 1,047.10 an ounce, breaking five straight sessions of losses, following US Commerce Department's positive GDP report which rose at 3.5 per cent annual pace in the third quarter. Silver futures for December delivery also moved up by USD 42 cents to close at USD 16.655 an ounce. In the domestic market, standard gold (99.5 purity) rose by Rs 60 per ten grams to finish at Rs 15,970 from overnight closing level of Rs 15,910. Pure gold (99.9 purity) also hardened by Rs 55 per ten grams to end at Rs 16,045 as against Rs 15,990 previously. Silver ready (.999 fineness), too, gained Rs 165 per kilo to close at Rs 26,810 from Rs 26,645.

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