Zee Media Bureau
Gold price rebounded by Rs 420 in Mumbai bullion market Friday, snapping a three-session downtrend, on the back of heavy demand from stockists as well as seasonal off-take amid renewed investor interest.
Moving closely in tandem with general trend, silver also rose sharply on aggressive speculative buying coupled with good industrial demand.
Standard gold of 99.5 percent purity shot up by Rs 420 to conclude at Rs 27,325 per 10 gms from Thursday's closing level of Rs 26,905.
Pure gold of 99.9 percent purity also spurted by a similar margin to close at Rs 27,460 per 10 gm from Rs 27,040.
Silver ready (.999 fineness) soared by Rs 685 to end at Rs 46,225 per kg as against Rs 45,540 yesterday.
Here are the city wise gold and silver rates:
(Gold rates per 10 gm/Silver rates per Kg)
GOLD: Rs 27,460 (+420)/ SILVER: Rs 46,225 (+685)
GOLD: Rs 27,870 (+255)/ SILVER: Rs 46,000 (+910)
GOLD: 27,730 (+430) / SILVER: Rs 45,555 (+1045)
GOLD: 28,170 (+320) / SILVER: Rs 46,700 ( +900)
GOLD: Rs 27,863 / SILVER: Rs 46,500
GOLD: Rs 28,000 / SILVER: Rs 48,500
With PTI Inputs
First Published: Saturday, May 4, 2013, 09:57