Gold, silver recover on fresh buying, global cues

NEW DELHI: Gold prices recovered by Rs 25 to Rs 28,475 per 10 grams in the national capital today on fresh buying by jewellers and retailers amid a firm global trend.

Silver also moved up by Rs 250 to Rs 45,400 per kg on increased offtake by industrial units and coin makers.

Gold in London, which normally sets price trend on the domestic front, gained 0.3 per cent to $1,314.55 an ounce and silver rose 0.5 per cent to $20.96 an ounce.

In Delhi, gold of 99.9 and 99.5 per cent purity gained Rs 25 each to Rs 28,475 and Rs 28,275 per 10 grams, respectively, while sovereign remained steady at Rs 24,900 per piece of eight grams in restricted buying.

In line with a general firm trend, silver ready rebounded by Rs 250 to Rs 45,400 per kg and weekly-based delivery by Rs 155 to Rs 45,085 per kg.

Silver coins followed suit and spurted by Rs 1,000 to Rs 80,000 for buying and Rs 81,000 for selling of 100 pieces.