New Delhi, July 02: Gold prices gained to recover part of its previous losses in the bullion market today on emergence of stockists buying influenced by a firming global trend and jewellers buying.
The precious metal gained Rs 50 at Rs 14,730 per ten gram and silver by Rs 50 to Rs 22,000per kg after reports the bullion prices in overseas markets as weaker dollar spur demand. In previous day’s trading, the gold had lost Rs 120 per ten gram and silver by Rs 700 per kg.
The gold prices rose backed hy reports the metal in the U.S. markets rose over 14 dollar at 942.60 dollar an ounce after the U.S. currency fell for fifth straight day against leading currencies.
Buying activity picked up as the falling metals reached to attractive low levels.
–PTI