Gold prices recovered by Rs. 50 to Rs. 27,450 per ten gram in the national capital on Thursday on scattered buying by jewellers, tracking a firming trend overseas. However, silver remained under selling pressure and fell further by Rs. 490 to Rs. 41,000 per kg.
Traders attributed the recovery in gold prices to a better trend in global markets. Gold in London, which normally sets price trend on the domestic front, added 0.2 per cent to $1,225.54 an ounce.
In Delhi, gold of 99.9 and 99.5 per cent purity rose by Rs. 50 each to Rs. 27,450 and Rs. 27,250 per ten gram respectively. It had lost Rs. 60 on Wednesday. Sovereign, however, remained flat at Rs. 24,400 per piece of eight gram in restricted buying from retailers.
On the other hand, silver ready declined by Rs. 490 to Rs. 41,000 per kg and weekly-based delivery by Rs. 280 to Rs. 41,070 per kg. The white metal had lost Rs. 110 in the previous session. Meanwhile, silver coins traded at last level of Rs. 71,000 for buying and Rs. 72,000 for selling of 100 pieces.
