DAILY BUZZ
GOLD & SILVER
- Snapping its four-day losing streak, gold prices recovered marginally by Rs 5 to Rs 29,355 per ten grams in the national capital today on revival of buying at existing lower levels amid a firm global trend.
- Silver also recovered by Rs 139 to Rs 43,539 per kg on fresh buying by industrial units.
- Traders said revival of buying by retailers at existing lower levels led the marginal recovery in gold prices.
- Firm global trend also influenced the sentiment to some extent, they said.
- Gold in Singapore, which normally sets price trend on the domestic front, rose 0.4 per cent to $1,296.80 an ounce and silver by 0.8 per cent to $19.86 an ounce.
- On the domestic front, gold of 99.9 and 99.5 per cent purity inched up by Rs 5 each to Rs 29,355 and Rs 29,155 per ten grams, respectively, after losing Rs 1,000 in the previous four sessions.
- However, sovereign declined by Rs 100 to Rs 24,800 per piece of eight grams.
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