Gold prices recover in India
Monday, 3 February 2014
New Delhi, Feb 2 (PTI): Gold prices recovered by Rs 60 to Rs 30,350 per 10 grams in the national capital Saturday on stockists buying for seasonal demand amid a firm global trend.
However, silver held steady at Rs 43,600 per kg on lack of buying support from industrial units and coin makers.
Marketmen said stockists buying to meet the ongoing marriage season demand amid a firm global trend as a decline in equity markets increased demand for the precious metal as an alternative investment mainly helped gold to recover.
Gold in New York, which normally sets the price trend on the domestic front, rose by 0.3 per cent to USD 1,245.90 an ounce.