<p>Gold staged a smart rally and retraced the important Rs 27,000 per 10 gm mark at the bullion market here today, snapping a three-day losing streak on fresh bouts of investment buying amid supportive global sentiment.<br /><br /></p>.<p>Silver also rose sharply on heavy speculative as well as industrial off-take.<br /><br />Standard gold of 99.5 per cent purity gained Rs 245 to end at Rs 27,140 per 10 gm from Friday's closing level of Rs 26,895.<br /><br />Pure gold of 99.9 per cent purity climbed up by Rs 260 to conclude at Rs 27,290 per 10 gm from Rs 27,030.<br /><br />Silver ready (.999 fineness) jumped by Rs 650 to close at Rs 43,000 per kg from Rs 42,350 previously.<br /><br />Gold has been on a downward journey, spooked by a widespread global commodity meltdown after US Federal Reserve Chairman Ben Bernanke hinted at an end to monetary stimulus measures earlier than expected.<br /><br />The yellow metal had lost a hefty Rs 1,130 in the last three days.<br /><br />Globally, the shiny metal gained marginally from three- year lows on bargain hunting and some technical buying support.<br /><br />Gold for August delivery edged up USD 5.80 to settle at USD 1,292.10 an ounce on the Comex division of the NYMEX late yesterday.<br /><br />Silver July contract added 14 cents to settle at USD 19.96 an ounce.</p>
<p>Gold staged a smart rally and retraced the important Rs 27,000 per 10 gm mark at the bullion market here today, snapping a three-day losing streak on fresh bouts of investment buying amid supportive global sentiment.<br /><br /></p>.<p>Silver also rose sharply on heavy speculative as well as industrial off-take.<br /><br />Standard gold of 99.5 per cent purity gained Rs 245 to end at Rs 27,140 per 10 gm from Friday's closing level of Rs 26,895.<br /><br />Pure gold of 99.9 per cent purity climbed up by Rs 260 to conclude at Rs 27,290 per 10 gm from Rs 27,030.<br /><br />Silver ready (.999 fineness) jumped by Rs 650 to close at Rs 43,000 per kg from Rs 42,350 previously.<br /><br />Gold has been on a downward journey, spooked by a widespread global commodity meltdown after US Federal Reserve Chairman Ben Bernanke hinted at an end to monetary stimulus measures earlier than expected.<br /><br />The yellow metal had lost a hefty Rs 1,130 in the last three days.<br /><br />Globally, the shiny metal gained marginally from three- year lows on bargain hunting and some technical buying support.<br /><br />Gold for August delivery edged up USD 5.80 to settle at USD 1,292.10 an ounce on the Comex division of the NYMEX late yesterday.<br /><br />Silver July contract added 14 cents to settle at USD 19.96 an ounce.</p>