PTI: Gold recovers on fresh demand; silver moves up
Mumbai, Jan 4 (PTI) Gold prices recovered at the bullion market here today due to fresh buying from stockists and jewellers on the back of firming trend in European markets.
Silver also moved up on good demand from industrial users.
Standard gold (99.5 purity) rose by Rs 100 per ten grams to close at Rs 16,770 from last weekend's closing level of Rs 16,670.
Pure gold (99.9 purity) firmed up by Rs 95 per ten grams to end at Rs 16,850 from Rs 16,755 previously.
Silver ready (.999 fineness) advanced by Rs 40 per kg to conclude at Rs 27,425 as against Rs 27,385 previously.
In Europe, gold prices strengthened by 2 per cent in early trade as dollar weakened against euro triggered by a positive economic data from the euro zone.
Spot gold was bid at USD 1,117.70 an ounce in early trade as against USD 1,096.35 late in New York on Friday.
