Mumbai, August 09: Gold prices firmed up further at the bullion market here today due to sustained demand from retailers and jewellers amid firm global cues.
Silver too moved up on stockists buying coupled with better offtake from consumer industries.
Standard gold (99.5 purity) improved further by Rs 35 per ten grams to close at Rs 18,185 from last Saturday’s closing level of Rs 18,150.
Pure gold (99.9 purity) also looked up by a similar margin to end at Rs 18,275 as against previous close of Rs 18,240.
Silver ready (.999 fineness) gained by Rs 55 per kilo to finish at Rs 29,685 from last weekend’s closing level of Rs 29,630.
In Europe, gold rose ahead of a US Federal Reserve policy meeting this week, sparking speculation that the Fed may announce some kind of additional monetary easing measures.
Spot gold was bid at USD 1,206.
–Agencies