Gold recovers marginally, silver advances further

Mumbai, Mar 14 Gold prices recovered on fresh local demand triggered by higher global cues, while silver moved up further on persistent industrial buying on the bullion market here on Friday.

Standard gold (99.5 purity) rose marginally by Rs 48 to Rs 30,360 per 10 grams at 1700 hrs from the overnight level of Rs 30,312.

Pure gold (99.9 purity) moved up by Rs 58 to Rs 30,540 per 10 grams from Rs 30,482 on Thursday, according to Riddisiddhi Bullions Ltd.