Gold prices rebounded to trade higher by Rs 55 to Rs 15,175 per 10 gm in the national capital today on buying by stockists and jewellery fabricators amid a firming trend in Asia.
Silver maintained its upward march and added Rs 150 to Rs 22,800 a kg on increased buying support from industrial units and jewellery fabricators.
Marketmen said the rise in the prices of the precious metal could be attributed to fresh buying by stockists and jewellery fabricators to meet the festival demand and also by a firming trend in Asia.
Gold prices closed higher at $954 an ounce against its Friday close of $949 in the Asian region.
Standard gold and ornaments, which remained in the negative zone in the last two trading sessions, rose by Rs 55 each to Rs 15,175 and Rs 15,025, respectively, and the sovereign gained Rs 25 to Rs 12,500 per 8 gm a piece.
Silver ready strengthened further by Rs 150 to Rs 22,800 a kg and its weekly-based delivery rose by Rs 50 to Rs 22,600 a kg, respectively.
Silver coins also traded higher by Rs 100 to Rs 29,500 for buying and Rs 29,600 for selling 100 pieces.