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| Edited By: |Source: PTI |Updated: Mar 17, 2018, 02:05 AM IST
Gold recovered smartly on the bullion market here today triggered by fresh buying from stockists and retailers at the current lower levels on the back of firm overseas trend.
Silver too made a comeback putting an end to its two day's steep fall on industrial support.
"Though global cues mainly led the rebound in yellow-metal, it found support from stockists and jewellers at the prevailing levels due to ongoing marriage season", traders said.
Standard gold (99.5 purity) spurted by Rs175 per ten grams to close at Rs17,250 from overnight closing level of Rs17,075.
Pure gold (99.9 purity) rose by Rs170 per ten grams to end at Rs17,340 from Rs17,170 yesterday.
Silver ready (.999 fineness) firmed up by Rs145 per kg to conclude at Rs28,270 as against Rs28,125 previously.
On the international front, gold futures rose yesterday in New York after falling USD100 an ounce in past four sessions, mainly attributed to weak dollar and bargain hunting.
Gold December delivery moved up by USD5.30 to USD1,125.70 an ounce on the Comex division of New York Metal Exchange.
December silver also edged up to USD17.173 an ounce.
