Gold rebounds on global cues

Meanwhile,gold surged by USD 7.60 to USD 1,137 an ounce in New York last evening on reports of a fall in jobless data,indicating a recovery in the global economy.

Standard gold and ornaments bounced back by Rs 220 each to Rs 17,100 and Rs 16,950 per ten gram,respectively. They had fallen by Rs 220 each in previous day’s trading. Sovereign held steady at Rs 14,000 per eight-gram piece.

In line with a general recovery trend,silver ready shot up by Rs 400 to Rs 28,550 per kg and weekly-based delivery by Rs 225 to Rs 28,225 per kg.

Silver coins also gained Rs 100 to Rs 33,800 for buying and Rs 33,900 for selling of 100 pieces.