Following a short reverse movement overnight, gold staged a smart recovery in the first trading day of 2016, and closed above 25,000 rupees significant brand in the domestic bullion hub here.
Fresh bouts of buying jewelry wholesalers and retailers with good feeling festive raised mainly extraction.
Trading were also impacted greatly in the absence of any sign of direction of world markets, in view of the New Year holidays.
Standard gold (99.5 purity) rose by Rs 35 per 10 grams to settle at Rs 25,015 from Thursday’s closing level of Rs 24,980.
Pure gold (99.9 purity) also rose by a similar finish at Rs 25,165 per 10 grams to Rs 25,130 range.
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