Gold, silver rebounds as investors' risk-appetite returns

Business

oi-Monika

By Monika Nihalani

Published: Wednesday, September 28, 2011, 14:03 [IST]

After falling more than 1% in morning, gold again rebounded in afternoon trade on MCX as the investors' risk-appetite returned.

At 1:50 pm, the most-active gold for October delivery on the Multi Commodity Exchange (MCX) was seen trading in the range of Rs 26,279 – Rs 26,280 per 10 grams.

The metal for December delivery was trading in the range of Rs 26,441 – 26,449 per 10 grams.

Silver also recovered a bit in afternoon trade after falling lowest to Rs 51,159 per kg. Silver for delivery in December at the Multi Commodity Exchange was seen trading in the range of Rs 53,165 – Rs 53,195 per kg same time.

On the domestic front, 24 carat gold price fell to Rs 26,270 per 10 grams and that 22 carat gold declined to Rs 24,080 per 10 grams.

Spot silver was seen at Rs 49,120 per kg.

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