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Sunday, June 23, 2013

Gold recovers from 2-week low; up Rs 260 on fresh buying

NEW DELHI: Gold prices on Saturday recovered from two-week low levels and surged Rs 260 to Rs 27,640 per 10 grams in the national capital on Saturday on brisk buying by stockists amid a firm global trend. 
Also, silver spurted by Rs 600 to Rs 42,300 per kg on revival of buying by industrial units and coin makers, following a steep fall in the previous session. 
The trading sentiment bolstered after the gold recovered in overseas markets from its lowest levels since September 2010 on speculation the slump may spur purchases. The prices had tumbled after Federal Reserve chairman Ben S Bernanke said that the central bank may start curbing stimulus.

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