New Delhi: Gold prices recovered by Rs 25 to Rs 29,300 per 10 grams at the bullion market on Friday on fresh buying by local jewellers amid positive global cues. Traders attributed the rise in gold prices to a firm trend overseas after the US launched missile strikes on Syria, fanning geopolitical concerns and raising demand for the precious metal as a safe haven. Fresh buying by local jewellers at domestic spot markets also supported the upside, they added. In the national capital, gold of 99.9% and 99.5% purity rebounded by Rs 25 each to Rs 29,300 and Rs 29,150 per 10 grams, respectively. Following gold, silver ready edged higher by Rs 50 to Rs 42,550 per kg while weekly-based delivery gained Rs 150 to Rs 42,390 per kg.

Source: Mint April 07, 2017 12:33 UTC