Business

Gold recovers on global cues; silver remains weak

September 18, 2014 11:54 PM

Gold prices recovered by Rs 50 to Rs 27,450 per ten gram in the national capital today on scattered buying by jewellers, tracking a firming trend overseas.

 

However, silver remained under selling pressure and fell further by Rs 490 to Rs 41,000 per kg.

Traders attributed the recovery in gold prices to a better trend in global markets.

Gold in London, which normally sets price trend on the domestic front, added 0.2 per cent to USD 1,225.54 an ounce.

 

In Delhi, gold of 99.9 and 99.5 per cent purity rose by Rs 50 each to Rs 27,450 and Rs 27,250 per ten gram respectively. It had lost Rs 60 yesterday.

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