Gold prices recover by Rs 40 taking positive leads from global market
Silver also recovered by Rs 25 to Rs 39,225 per kg on increased offtake by industrial units and coin makers.
Marketmen said firm global cues where gold inched up as the US dollar slid lower after strong US economic growth data while concerns remain about trade tensions between the US and Europe, attributed the recovery in gold prices.
Globally, gold rose by 0.07 percent to USD 1,223.20 an ounce and silver by 0.75 percent to USD 15.47 an ounce in New York in yesterday's trade.
In addition, pick-up in buying by local jewelers at domestic spot market also supported the move, they said.
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