Snapping out of a three-day losing trend, gold prices recovered by Rs 95 to Rs 19,000 per ten gram in the national capital on Saturday, on the back of hectic buying by stockists amid a firming global trend.
Gold in overseas markets rose by 9.80 dollar to 1227.50 dollar an ounce in New York Friday evening.
Standard gold of 99.9 carat purity and metal with 99.5 purity recovered by Rs 95 each to Rs 19,000 and Rs 18,900 per ten grams respectively. They had lost Rs 315 each in the last three trading sessions. Sovereign, also gained Rs 50 to Rs 14,700 per piece of eight gram.
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Silver lacked necessary buying support at existing higher levels and hovered around previous level of Rs 29,550 per kg.
Price of silver coins was also constant at Rs 34,500 for buying and Rs 34,600 for selling of 100 pieces.
However, silver weekly-based delivery declined by Rs 40 to Rs 29,185 per kg.
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