Gold rebounds on wedding season buying, global cues

May 15, 2014

New Delhi-India (May 15)  Gold regained its glitter to trade Rs 150 higher at Rs 30,100 per 10 grams in the national capital on Thursday on increased buying by stockists and retailers to meet the wedding season demand amid a firm global trend.

Silver maintained its rising streak for the fourth consecutive day and advanced Rs 100 to Rs 42,400 per kg on sustained buying by industrial units.

Traders said pick-up in buying activity by stockists and retailers, driven by wedding season demand amid a firm global trend, helped gold prices to trade above the Rs 30,000 per 10 grams level.

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