New Delhi, June 2: Gold prices rebounded to Rs 1.61 lakh per 10 grams in the national capital on Tuesday after a weak US dollar and easing crude oil revived demand for the precious metals.
The price of 99.9 per cent purity climbed Rs 1,050 to Rs 1,61,450 per 10 grams (inclusive of all taxes), according to the All India Sarafa Association.
It had closed at Rs 1,60,400 per 10 grams on Monday.
Silver prices also strengthened by Rs 1,300 to Rs 2,71,000 per kilogram from the previous close of Rs 2,69,700 per kg.
Analysts said precious metals drew support from a pullback in crude oil prices, which tempered fears of an inflation shock stemming from tensions in West Asia. (PTI)
