Gold prices recovered by Rs 80 to Rs 19,150 per ten grams in the national capital today on buying by stockists and jewellers on the back of firming trend in global markets.

Silver strengthened by Rs 100 to Rs 30,200 per kg on increased offtake by industrial users and coin-makers.

Traders said emergence of buying by stockists and jewellers for the marriage season amid firming global trend mainly led to rise in gold and silver prices.

Gold in overseas markets, which normally sets the price trend on the domestic front, traded marginally higher by 0.02 per cent to USD 1,255.90 an ounce.

Gold of 99.9 purity and of 99.5 purity recovered by Rs 80 each to Rs 19,150 and Rs 19,050 per ten grams, respectively, while sovereign gained Rs 25 to Rs 14,700 per piece of eight gram.

In line with the general firming trend, silver ready strengthened further by Rs 100 to Rs 30,200 per kg and weekly-based delivery by Rs 160 to Rs 29,940 per kg.

Silver coins also rose by Rs 200 to Rs 34,800 for buying and Rs 34,900 for selling of 100 pieces.

Keywords: bullions report

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