On account of acute global instability, gold bounced back after a four-day crash on the domestic bullion market owing to fresh wave of buying by stockists and jewellers.
On account of acute global instability, gold bounced back after a four-day crash on the domestic bullion market owing to fresh wave of buying by stockists and jewellers.
Silver also regained moderately as a result of improved tentative demand coupled with industrial buying.
Reportedly, standard gold of 99.5 percent purity rose by Rs 460 to end at Rs 30,150 per 10 gram from last closing level of Rs 29,690.
However, pure gold of 99.9 percent purity scaled up by Rs 460 to finish at Rs 30,300 per 10 gram from the closing level of Rs 29,840.
The white metal ready (.999 fineness) soared by Rs 975 to close at Rs 51,200 per kg from the last closing level of Rs 50,225.
Meanwhile, globally, the yellow metal plummeted to a five-week low because of heavy liquidation by funds and investors in the middle of high worries that the US Federal Reserve would narrow its stimulus programme in the upcoming policy meet.
According to reports, gold for December delivery fell by USD 22 to settle at USD 1,308.60 an ounce on the Comex division of the NYMEX. Silver December contract declined to USD 21.72 an ounce.
