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Gold rebounds on increased demand, global cues

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Core Tip:Gold witnessed a modest rebound after steep overnight losses at the domestic bullion market here today due to renewed buying interest from jewellery stockists and retailers amid firming overseas trend.
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Gold witnessed a modest rebound after steep overnight losses at the domestic bullion market here today due to renewed buying interest from jewellery stockists and retailers amid firming overseas trend. 

Elsewhere, silver also recovered smartly on the back of heavy speculative offtake. 

Standard gold (99.5 purity) rose by Rs 75 to settle at Rs 25,325 per 10 grams from Monday's closing level of Rs 25,250. 

Pure gold (99.9 purity) also added by a similar margin to end at Rs 25,475 per 10 grams as compared to Rs 25,400. 

Silver (.999 fineness) jumped by Rs 360 per kg to finish at Rs 34,685 from Rs 34,325 earlier. 

In worldwide trade, the yellow-metal regained some sheen on safe-haven buying, potentially a sudden flare-up in Mid-east geopolitical tensions after the Turkish military have reportedly shot down a Russian military aircraft on the border with Syria. 

Spot was substantially higher at $1,073.40 an ounce in early European trade, while silver rose to $14.12 an ounce mark. 
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