Gold recovers on fresh buying; silver ends steady

Gold prices recovered by Rs 130 to Rs 30,200 per ten grams in the national capital on Monday on fresh buying by stockists.

However, silver held steady at Rs 53,500 per kg on lack of buying support from industrial units and coin makers.

Traders said fresh buying by stockists at prevailing lower levels mainly led to rise in gold prices.

Lack of buying support from industrial units and coin makers kept silver prices steady, traders said.

On the domestic front, gold of 99.9 and 99.5 per cent purity recovered by Rs 130 each to Rs 30,200 and Rs 30,000 per ten grams, respectively, while sovereign held steady at Rs 25,250 per piece of eight gram.

On the other hand, silver ready held steady at Rs 53,500 per kg while weekly-based delivery lost Rs 150 at Rs 53,750 per kg on lack of speculators buying support.

Silver coins plunged by Rs 1,000 to Rs 80,000 for buying and Rs 81,000 for selling of 100 pieces.