Gold prices recovered on Friday by 350 to 29,350 per 10 grams at the bullion market on increased buying by local jewelle even s the metal weakened oveeas.
Silver also edged higher by 125 to 41,375 per kg on uptick in demand from industrial units and coin make.
Trade attributed the recovery in gold prices to increased buying by local jewelle at the domestic spot market but a weak trend oveeas capped the rise.
Globally, gold fell 0.22 per cent to 1,241.90 an ounce in Singapore.
In the national capital, gold of 99.9 per cent and 99.5 per cent purity rebounded by 350 each to 29,350 and 29,200 per 10 grams, respectively. The metal had lost 350 yesterday.
Sovereign also traded higher by 100 to 24,400 per piece of eight gram.
Following gold, silver ready moved up by 125 to 41,375 per kg and weekly—based delivery by 60 to 41,260 per kg.
Silver coins, however, remained unaltered at 71,000 for buying and 72,000 for selling of 100 pieces.
