NEW DELHI — Gold prices recovered by Rs 20 to Rs 31,070 per 10 grams Wednesday, mirroring a firm trend overseas along with scattered buying by jewellers in the domestic spot market.
gold mine rocks in a bed of bukayo (mb.com.ph)
Silver also rebounded by Rs 250 to Rs 45,450 per kg on increased off-take by industrial units.
Traders said that apart from a firm trend overseas, scattered buying by jewellers in the domestic spot market led to the recovery in gold prices.
Globally, gold rose by 0.16 percent to US$ 1,320.50 an ounce and silver by 0.66 percent to US$ 18.97 in Singapore.
In the national capital, gold of 99.9 percent and 99.5 percent purity edged up by Rs 20 each to Rs 31,070 and Rs 30,920 per 10 grams, respectively. It had lost Rs 125 yesterday.
Sovereign, however, remained flat at Rs 24,400 per piece of eight grams.
Silver ready also rebounded Rs 250 to Rs 45,450 per kg and weekly-based delivery Rs 140 to Rs 45,585 per kg.
Silver coins, however, remained unaltered at Rs 75,000 for buying and Rs 76,000 for selling of 100 pieces.