Gold prices recovered by Rs 90 to Rs 18,740 per ten grams in the national capital today on emergence of buying by stockists and jewellers amid a firming trend in global markets.
Silver also surged by Rs 300 to Rs 29,300 per kg on increased offtake by industrial units and coin-makers. Gold in overseas markets, which normally sets the trend on the domestic front, gained 0.2 per cent to $1,214.53 an ounce.
Buying activity picked up as stockists increased their holdings on anticipation that prices might gain further ground in the coming days.
Gold of 99.9 per cent and 99.5 per cent purity recovered by Rs 90 each to Rs 18,740 and Rs 18,640 per ten grams, respectively. The metal had lost Rs 50 yesterday. Sovereigns also rose by Rs 25 to Rs 14,700 per piece of eight grams.
In line with the general firming trend, silver ready surged by Rs 300 to Rs 29,300 per kg and weekly-based delivery by Rs 315 to Rs 29,080 per kg. Silver coins also gained Rs 200 to Rs 34,300 for buying and Rs 34,400 for selling of 100 pieces.