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Gold edges higher on stray retail buying, silver recovers

Mumbai May 12: Gold prices moved up marginally after an uninterrupted five-session fall at the domestic bullion market here on Saturday on the back of modest retail buying support as well as some jewellery off-take

PTI Updated on: May 12, 2012 16:33 IST
gold edges higher on stray retail buying silver recovers
gold edges higher on stray retail buying silver recovers

Mumbai May 12: Gold prices moved up marginally after an uninterrupted five-session fall at the domestic bullion market here on Saturday on the back of modest retail buying support as well as some jewellery off-take at lower levels.


Silver regained some of its overnight losses on renewed speculative demand.

Standard gold (99.5 purity) advanced by Rs 15 to settle at Rs 28,400 per 10 gm from Friday's closing level of Rs 28,385. Pure gold (99.9 purity) gained by Rs 20 to finish at Rs 28,530 per 10 gm from Rs 28,510. Silver ready (.999 fineness) jumped by Rs 440 per kg to close at Rs 54,130 as compared to Rs 53,690 on Friday.

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