Gold prices recovered by Rs 75 to Rs 18,600 per ten grams in the Capital on Friday on revival of buying, influenced by firm global trend.

Silver also jumped by Rs 450 to Rs 29,400 per kg on increased offtake from industrial units and coins makers.

Market analysts said fresh buying by stockists and retailers in tandem with a firm global trend led to recovery in both gold and silver prices.

Gold price overseas, which usually sets the trend at the domestic markets, traded higher by 0.3 per cent to 1,198.40 dollar an ounce.

The gold with 99.99 purity and 99.5 purity recovered by Rs 75 each to Rs 18,600 and Rs 18,500 per ten grams respectively. It had declined by Rs 75 in the previous session.

Sovereign held steady Rs 14,700 per piece of eight grams.

Silver ready, in agreement with the general trend, surged by Rs 450 to Rs 29,400 per kg and weekly—based delivery by Rs 465 to Rs 29,125 per kg.

Silver coins also traded Rs 100 high to Rs 34,200 for buying and Rs 34,300 for selling of 100 pieces.

Keywords: gold pricesBullion

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