Gold prices recovered by Rs. 25 to Rs. 18,325 per ten grams in the national capital today after two consecutive days of losses on scattered buying by stockists and jewellers for the marriage season.
Silver also gained Rs. 50 to Rs. 28,750 per kg on increased industrial off take.
Marketmen said scattered buying by stockists and jewellers for the marriage season was primarily responsible for the partial recovery in gold and silver prices.
Standard gold and ornaments recovered by Rs. 25 each to Rs. 18,325 and Rs. 18,175 per ten grams respectively. They had lost Rs. 150 in the previous two trading sessions.
However, sovereigns remained at around the previous level of Rs. 14,450 per piece of eight grams.
Silver ready recovered by Rs. 50 to Rs. 28,750 per kg, but weekly-based delivery lacked the necessary buying support and lost Rs. 70 to Rs. 28,415 per kg.
Meanwhile, silver coins continued to be traded at around the previous level of Rs. 34,300 for buying and Rs. 34,400 for selling of 100 pieces.
Keywords: bullion rates