Gold prices on Tuesday rose by ₹130 to ₹32,350 per 10 gram at the bullion market on increased buying by local jewellers amid positive global trends.
Silver also rallied by ₹250 to ₹39,750 per kg backed by increased offtake by industrial units and coin makers.
Traders said apart from a firm trend overseas, fresh buying by local jewellers at domestic spot market led to the recovery in gold prices. The precious metal had lost ₹50 on Monday.
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Globally, gold rose 0.79% to $1,232.30 an ounce and silver by 0.89% to $14.76 an ounce in Singapore as political tensions between Saudi Arabia and Western powers raised demand for the precious metal as a safe haven.
In the national capital, gold of 99.9% and 99.5% purity rose by ₹130 each to ₹32,350 and ₹32,200 per 10 gram, respectively.
Sovereign gold, however, remained flat at ₹24,700 per piece of 8 gram.
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Following gold, silver ready rose by ₹250 to ₹39,750 per kg and weekly-based delivery by ₹251 to ₹39,010 per kg.
Silver coins, however, continued to be traded at previous level of ₹75,000 for buying and ₹76,000 for selling of 100 pieces.