Gold price gains Rs 100 on jewellers buying, higher global cues

New Delhi-India (Oct 11)  After falling for two days, gold recovered Rs 100 to Rs 26,700 per 10 grams at the bullion market on Saturday on emergence of buying by jewellers and retailers to meet rising seasonal demand amid a firming trend overseas.

 However, silver eased by Rs 75 to Rs 36,725 per kg due to reduced offtake by industrial units and coin makers.

 Bullion traders said emergence of buying by jewellers and retailers at the existing levels to meet wedding season demand and a firming trend in global market mainly led to recovery in gold prices.

Source: TheTimesOfIndia