NEW DELHI: Both gold and silver rebounded in the bullion market here today on emergence of buying at prevailing lower levels by stockists and jewellery makers, supported by a rebound in global markets.
While gold surged by Rs 275 to Rs 27,015 per 10 grams, silver gained Rs 1,500 to Rs 55,000 per kg.
The trading sentiment turned better after gold rallied in Singapore as the biggest three-day drop since the failure of Lehman brothers holding. in 2008, encouraged purchases by investors seeking a store of value amid market turmoil.
In Singapore, gold gained for the first time in five days and climbed 1.9 per cent to USD 1,657.63 an ounce. The metal lost 8.8 per cent in the past three days.
Silver also gained 3.4 per cent to USD 31.79 an ounce after tumbling 22.5 per cent in the past three days to a 10-month low of 26.07 yesterday.
On the domestic front, gold of 99.9 and 99.5 per cent purity rebounded by Rs 275 each to Rs 27,015 and Rs 26,875 per 10 grams, respectively
ANIMA SINHA
PGDM -3 sem
While gold surged by Rs 275 to Rs 27,015 per 10 grams, silver gained Rs 1,500 to Rs 55,000 per kg.
The trading sentiment turned better after gold rallied in Singapore as the biggest three-day drop since the failure of Lehman brothers holding. in 2008, encouraged purchases by investors seeking a store of value amid market turmoil.
In Singapore, gold gained for the first time in five days and climbed 1.9 per cent to USD 1,657.63 an ounce. The metal lost 8.8 per cent in the past three days.
Silver also gained 3.4 per cent to USD 31.79 an ounce after tumbling 22.5 per cent in the past three days to a 10-month low of 26.07 yesterday.
On the domestic front, gold of 99.9 and 99.5 per cent purity rebounded by Rs 275 each to Rs 27,015 and Rs 26,875 per 10 grams, respectively
ANIMA SINHA
PGDM -3 sem
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