Festival frenzy lifts gold prices

Riding an unprecedented buying frenzy, precious gold reclaimed the psychological Rs 32,000/10 gm mark at the domestic bullion market here amid swelling festive and wedding-related off-take. The industrial metal silver rebounded sharply on back of aggressive speculation buying coupled with firm industrial buying support. Standard gold of 99.5 per cent purity rose by Rs 175 to conclude at Rs 32,015 per 10 grams from Friday’s closing level of Rs 31,840. Pure gold of 99.9 per cent purity also climbed by a similar margin to end at Rs 32,165 per 10 grams as against Rs 31,990. PTI