Gold rebounds to 2-week high on seasonal demand
19 Nov 2014 11:25 PM GMT
Gold prices rebounded smartly to hit a two-week high at domestic bullion market on Tuesday due to brisk buying by jewellery stockists and retailers following pick-up in seasonal demand.
Silver continued its firming trend for the third-straight session owing to strong industrial offtake.
Standard gold (99.5 purity) spiked by Rs 165 to finish at Rs 26,540 per 10 grams from its overnight closing level of Rs 26,375. Pure gold (99.9 purity) also rose by a similar margin to end at Rs 26,690 per 10 grams against Rs 26,525 previously.
Silver continued its firming trend for the third-straight session owing to strong industrial offtake.
Standard gold (99.5 purity) spiked by Rs 165 to finish at Rs 26,540 per 10 grams from its overnight closing level of Rs 26,375. Pure gold (99.9 purity) also rose by a similar margin to end at Rs 26,690 per 10 grams against Rs 26,525 previously.
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