Gold recovers on renewed demand, silver slips

Mumbai: Gold prices recovered modestly after a two-day slide at the bullion market here today on the back of renewed demand from local retailers and investors amid good jewellery offtake despite bearish global sentiment.
In contrast, silver continued to drift on subdued speculative buying coupled with reduced industrial demand.

Standard gold of 99.5 per cent purity rose by Rs 125 to end at Rs 28,005 per 10 grams from Friday’s closing level of Rs 27,880.