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Gold up, silver recovers

Mumbai: Gold rallied further at the domestic bullion market here today on increased investment demand as well as jewellery offtake amid festivities, triggered by a bullish global trend. Silver rebounded following fresh speculative buying and industrial demand.

Standard gold (99.5 purity) rose by Rs 130 per 10 grams to end at Rs 26,780 from Friday`s close of Rs 26,650. Pure gold (99.9 purity) spurted by Rs 125 per 10 grams to close at Rs 26,905 from Rs 26,780 yesterday.

Silver ready (.999 fineness) climbed by Rs 340 per kg to finish at Rs 53,820 as compared to Rs 53,480 previously. In New York, gold rose on optimism over positive US retail sales data. Gold for December delivery added 14.50 to settle at USD 1,683 an ounce on the Comex division of NYMEX. December silver were up 51 cents to USD 32.17 an ounce.

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