Silver, gold regain on global cues

Mumbai, Jun 4: Silver and gold prices rebounded moderately at the domestic bullion market today on renewed speculative and investment buying on the back of firming global markets.

In overseas market, the precious metals rose on lower job data spurring safe haven buying amidst concern over economic slowdown.

Silver ready (.999 fineness) jumped by Rs 970 per kg to finish at Rs 54,845 from Friday''s closing level of Rs 53,875 per kg.

Standard gold (99.5 purity) climbed by Rs 165 per 10 grams to close at Rs 22,475 from Friday's closing level of Rs 22,310.

Pure gold (99.9 purity) also spurted by Rs 170 per 10 grams to conclude at Rs 22,580 as against Rs 22,410 previously.

In New York, gold for August delivery added USD 9.70 to USD 1,542.40 an ounce on the Comex division of the NYMEX yesterday. While silver for July delivery declined USD 36.19 an ounce.

PTI