Silver prices rebounded after a two-day loss at the bullion market here on Thursday on renewed speculative and industrial off-take triggered by rising global cues.

Gold also gained due to fresh local buying interest coupled with moderate demand from jewellery makers.

In New York, precious metals climbed as demand for metals rose due to lower prices from last two trading sessions enticed buyers.

Silver ready (.999 fineness) spurted by Rs 295 per kg to end at Rs 61,585 from Wednesday’s closing level of Rs 61,290.

Standard gold (99.5 purity) moved up by Rs 25 per 10 grams to finish at Rs 21,165 from Rs 21,140 on Wednesday.

Pure gold (99.9 purity) also looked up by Rs 20 per 10 grams to close at Rs 21,265 per 10 grams as against Rs 21,245 previously.

In New York, gold for June delivery up by $2 to $1,455.60 an ounce on the COMEX division of NYMEX.

Silver for May contract added by 17 cents, to conclude at $40.24 an ounce.

Keywords: bullion markets

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