Gold bounces back by Rs 40 to Rs 27,110; Silver up by Rs 15 to Rs 37,125

Reversing the losing trend of last three days, the price of yellow metal bounced back by Rs 40 to reach the level of Rs 27, 110 per ten gram, while Silver went up by Rs 15 to Rs 37, 125 per kg. This rise in the prices is being attributed to buying by jewellers at prevailing levels amid a global trend. The silver went marginally up as industrial units and coin makers increased their demand. 

 In Delhi gold of 99.9 and 99.5 per cent purity edged up by Rs 40 each to Rs 27,110 and Rs 26,960 per ten gram, respectively. It had lost Rs 265 in last three days. Silver ready traded higher by Rs 15 to Rs 37,125 per kg and weekly-based delivery by Rs 25 to Rs 36,975 per kg.  

In the international market, gold rose 0.23 per cent to USD 1,165.60 an ounce and silver by 0.35 per cent to USD 15.90 an ounce in London in early trade.