Gold,silver prices firm up on good demand,global cues

Gold prices gained further at the domestic bullion market here today on good off-take from stockists and investors amidst rising trend in overseas.

Written by Agencies | Mumbai | Published:May 28, 2012 9:28 pm

Gold prices gained further at the domestic bullion market here today on good off-take from stockists and investors amidst rising trend in overseas.

Silver also moved up on stray industrial buying support.

Standard gold (99.5 purity) rose by Rs 50 to close at Rs 29,080 per 10 gm from last Saturday’s closing level of Rs 29,030.

Pure gold (99.9 purity) also advanced by Rs 40 to conclude at Rs 29,210 per 10 gm from Rs 29,170.

Silver ready (.999 fineness) edged up by Rs 30 per kg to end at Rs 54,720,as against Rs 54,690 last weekend.

In Europe,gold was trading bullish on strong euro amidst positive opinion polls ahead of Greek elections next month showed pro-bailout conservatives in the lead,removing fears of Greece exist from euro zone.

Spot gold was bid up at USD 1,581.12 an ounce in early trade and silver was also bid higher at USD 28.58 an ounce.

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