New Delhi, Nov 9: Gold prices rebounded by Rs 120 to Rs 26,230 at the bullion market on Monday.
The yellow metal got a boost due to buying activity from jewelers as well as retailers picked up on the occasion of Dhanteras amid a firm trend overseas.
The rupee, which dropped by over 1 per cent to 66.50 (intra-day) against the dollar, making imports costlier, too supported the upside in gold prices.
Tracking gold, silver also recovered by Rs 110 to Rs 35,410 per kg on increased off take by industrial units and coin makers.
Globally, gold climbed 0.3 per cent to USD 1,093.30 an ounce in Singapore. In the national capital, gold of 99.9 and 99.5 per cent
purity climbed by Rs 120 to Rs 26,230 and Rs 26,080 per 10 grams, respectively. It had lost Rs 220 in Saturday’s trade.
Sovereign, moved up by Rs 50 to Rs 22,300 per piece of eight grams. Tracking gold, silver ready recovered by Rs 110 to Rs
35,410 per kg and weekly delivery gained Rs 240 to Rs 35,140.
Besides, silver coins held steady at Rs 49,000 for buying and Rs 50,000 for selling of 100 pieces.
