Gold prices rebounded by Rs 150 to Rs 28,550 per 10 grams at the bullion market today on firm cues from global markets and fresh buying by local jewellers. Silver also recovered by Rs 200 to Rs 38,400 per kg, backed by increased offtake by industrial units and coin makers. Globally, gold rose by 0.28 per cent to USD 1,228.20 an ounce and silver by 0.64 per cent to USD 16.41 an ounce in Singapore. Tracking gold, silver ready rose by Rs 200 to Rs 38,400 per kg while weekly-based delivery gained Rs 180 to Rs 38,280 per kg. On the other hand, silver coins remained unaltered at Rs 69,000 for buying and Rs 70,000 for selling of 100 pieces.

Source: dna May 12, 2017 09:00 UTC