Gold crawls back on modest buying: silver edges lower

Mumbai: Gold prices moved up marginally at the bullion market here today on increased demand from jewellery stockists amid local buying support.

Silver, on the other hand, moved down further due to subdued industrial offtake.

Standard gold (99.5 purity) added by Rs 15 to end at Rs 28,440 per 10 grams against overnight closing level of Rs 28,425.

Pure gold (99.9 purity) also gained by Rs 20 to finish at Rs 28,590 per 10 grams from Rs 28,570.

However, eased by Rs 15 to conclude at Rs 46,445 per kilo as compared to Rs 46,460 yesterday.

Globally, the yellow-metal dipped from three-and-half month highs on slight profit-taking as well as overnight recovery in global stocks after recent sell-off.

Gold for August delivery moved down to USD 1,337.40 an ounce on the Comex division of the NYMEX late yesterday, while silver softened to USD 21.46 an ounce.