Gold prices today recovered by Rs 10 to Rs 14,300 per 10 gram in the bullion market here on local buying amid better trend in the global market.
Silver also regained strength and recorded a gain of Rs 50 at 20,400 per kg on increased offtake by industrial units.
Marketmen said fresh buying by local parties at the existing lower levels amid reports of a better trend in the overseas market mainly helped gold prices to recover marginally.
They said the precious metal gained 1.55 dollar to 870.35 dollar an ounce in London on speculation that the falling stock markets may revive demand for the gold as a haven.
Standard gold and ornaments recovered by Rs 10 each to Rs 14,300 and Rs 14,150 per 10 gram, respectively and sovereign gained Rs 50 to Rs 12,300 per piece of eight gram.
In a similar fashion, silver ready rose by Rs 50 to Rs 20,400 per kg and weekly-based delivery by Rs 30 to Rs 19,900 per kg. Silver coins held steady at Rs 27,800 for selling of 100 pieces.
