Gold prices recovered by 1.97 per cent in futures trading today on fresh buying by traders in line with a firming global trend.
On the Multi Commodity Exchange, gold for delivery in June, the most active contract, rose by 1.97 per cent to Rs 15,808 per 10 gram with trading volume of 347 lots.
A similar firming trend was seen in April gold, which climbed by 1.95 per cent to Rs 15,807 with trading of 4,820 lots.
The trend seen in gold was extended to silver, which rose by 2.07 per cent in futures trading today on increased buying by traders in tandem with a good trend in the global market.
July silver, the most active contract, climbed by 2.07 per cent to Rs 22,835 per kg in trading of 15 lots, while silver for delivery in May was up by the similar margin at Rs 22,630 per kg in trading volume of 1,937 lots.
Marketmen experts said fresh buying by traders and speculators amid reports of firming trend in the overseas market mainly led to the rise in bullion prices.
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They said the previous two falls in the precious metals pulled down the prices to attractive levels for traders.
Meanwhile, gold prices traded higher in Asia at $947 an ounce against previous close of $945.