Gold prices firmed up further by Rs 55 per ten grams at the bullion market in Mumbai on Monday due to renewed buying from stockists and jewellers amid rising trend in overseas markets.
Standard gold (99.5 purity) rose by Rs 55 per ten grams to close at Rs 16,540 from last weekend's closing level of Rs 16,485.
Pure gold (99.9 purity) hardened by Rs 65 per ten grams to end at Rs 16,635 from Rs 16,570 previously.
Gold was bid at $1,103 an ounce in early trade against $1,091.65 an ounce on Friday.
Silver recovered on fresh demand from industrial users supported by better global cues.
Silver ready (.999 fineness) shot up by Rs 140 per kilo to conclude at Rs 27,555 from last Saturday's closing level of Rs 27,415.
Silver was bid at $17.20 an ounce versus $16.96.
Source & Full Article Economic Times
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