Gold prices edged up marginally by Rs. 10 to Rs. 22,820 per 10 gram on Thursday driven by scattered retail buying, amid a firm overseas trend. The yellow metal gained 80 cents to $1,548 an ounce in New York.

However, silver declined by Rs. 100 to Rs. 54,700 per kg due to lack of buying by industrial units and stockists at existing high levels. A weak trend in overseas markets further fuelled the downtrend.

Silver coins followed suit and dropped by Rs. 2,000 at Rs. 61,000 for buying and Rs. 62,000 for selling of 100 pieces.

On the domestic front, gold of 99.9 and 99.5 per cent purity rose by Rs. 10 each at Rs. 22,820 and Rs. 22,700 per 10 grams, respectively.

Sovereigns eased by Rs. 50 to Rs. 18,700 per piece of eight grams on lack of support.

Silver ready and weekly based delivery shed Rs. 100 each to Rs. 54,700 per kg and Rs. 54,200 per kg, respectively.

More In: Markets | Business