 "Gold recovers on wedding season demand, global cues")
Gold prices recovered Rs 100 to trade at Rs 27,200 per 10 gm at the bullion market on the back of buying by jewellers, driven by the wedding season amid a firm global trend.
Moreover, weakness in the rupee also influenced prices.
Silver also rebounded by Rs 160 to Rs 36,600 a kg on increased offtake by industrial units and coin makers.
Besides, weakness in the rupee that made imports costlier also influenced the precious metal prices.
Meanwhile, rupee was trading 25 paise lower at Rs 63.10 (intraday) at the forex market against the dollar.
Gold in New York, which normally sets price trend in the domestic market, rose by 0.50 per cent to $1,201.80 an ounce and silver by 0.25 per cent to $15.98 an ounce on Wednesday's trade.
In Delhi, gold of 99.9 and 99.5 per cent purity recovered by Rs 100 each to Rs 27,200 and Rs 27,050 per 10 gm, respectively. It had lost Rs 100 on Wednesday.
Sovereign, however, continued to be traded at last level of Rs 23,700 per piece of eight gram in limited deals.
Tracking gold, silver ready rose by 160 to Rs 36,600 a kg and weekly-based delivery by Rs 60 to Rs 36,185 a kg.
On the other hand, silver coins remained steady at Rs 55,000 for buying and Rs 56,000 for selling of 100 pieces.
Moreover, weakness in the rupee also influenced prices.
Silver also rebounded by Rs 160 to Rs 36,600 a kg on increased offtake by industrial units and coin makers.
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Traders said fresh buying by jewellers to meet wedding season demand and a firm global trend mainly attributed the recovery in gold prices.
Besides, weakness in the rupee that made imports costlier also influenced the precious metal prices.
Meanwhile, rupee was trading 25 paise lower at Rs 63.10 (intraday) at the forex market against the dollar.
Gold in New York, which normally sets price trend in the domestic market, rose by 0.50 per cent to $1,201.80 an ounce and silver by 0.25 per cent to $15.98 an ounce on Wednesday's trade.
In Delhi, gold of 99.9 and 99.5 per cent purity recovered by Rs 100 each to Rs 27,200 and Rs 27,050 per 10 gm, respectively. It had lost Rs 100 on Wednesday.
Sovereign, however, continued to be traded at last level of Rs 23,700 per piece of eight gram in limited deals.
Tracking gold, silver ready rose by 160 to Rs 36,600 a kg and weekly-based delivery by Rs 60 to Rs 36,185 a kg.
On the other hand, silver coins remained steady at Rs 55,000 for buying and Rs 56,000 for selling of 100 pieces.