Silver rebounds Rs 3,800, gold gains Rs 400

Silver prices rebounded by Rs 3,800 to Rs 2.47 lakh per kilogram in the national capital on Friday, and gold edged higher to Rs 1.55 lakh per 10 grams as investors weighed fragile geopolitical developments and a weak US dollar.

According to the All India Sarafa Association, the white metal climbed by Rs 3,800, or 1.6 per cent, to Rs 2,47,000 per kg (inclusive of all taxes), reversing Thursday’s decline of Rs 2,43,200 per kg.

Gold of 99.9 per cent purity also went up by Rs 400 to Rs 1,55,300 per 10 grams (inclusive of all taxes). The yellow metal had settled at Rs 1,54,900 per 10 grams in the previous market session.