Gold gains new highs on good buying,silver edges up

Standard gold 99.5 purity rose by Rs 60 to finish at Rs 29,215 per 10 gm from last Saturday8217;s closing level of Rs

29,155.

Pure gold 99.9 purity also climbed to conclude at Rs 29,350 per 10 gm as compared to Rs 29,290 previously.

Silver ready .999 fineness added by Rs 30 per kg to close at Rs 56,845 from Rs 56,815 last weekend.

In Europe,gold prices traded steady on cautiousness due to speculation that Federal Reserve would be considering new

round of monetary easing.

Spot gold was bid at USD 1,662.31 an ounce in early trade,while silver bid down at USD 31.20 an ounce.