MUMBAI: Gold recovered early from Wednesday s Rs 10 dip at the bullion market here on Thursday and resumed at Rs 11685, up by Rs 125, mainly on global cues.
Gold prices went up globally Wednesday along with silver and that prompted investors back to the gold. Silver prices firmed up further on sustained industrial demand.
Standard gold opened higher at Rs 11,685 as against Wednesday s closing level of Rs 11,560. Pure gold also started higher at Rs 11,745 as against Rs 11,615 previously. Silver ready rose to Rs 23,050 from Rs 22,790.
June gold rose by $12.40 to $900.20 an ounce on the Comex division of the N ew York Mercantile Exchange. May silver rose by 29 cents to $17.18.