Gold price edges up on stray buying, modest recovery in silver

Gold prices recovered slightly from yesterday's fall at the domestic bullion market here today on stray low level buying interest from stockists and retailers.

Silver regained moderately owing to speculative offtake amidst industrial buying support.

Standard gold of 99.5 per cent purity moved up by Rs 10 to end at Rs 29,425 per 10 gm from Wednesday's closing level of Rs 29,415.

Pure gold of 99.9 per cent purity also added a similar margin to conclude at Rs 29,565 per 10 gm from Rs 29,555 previously.

Silver ready (.999 fineness) gained by Rs 180 to close at Rs 55,260 per kg as compared to Rs 55,080 yesterday.

At the global front, gold moved down amid growing positive signs in US economy, though speculation that central banks would maintain easy money policies capped the fall.

In Europe, spot gold was bid down at USD 1,581.16 an ounce in early trade and silver was bid lower at USD 28.90 an ounce.

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