Silver recovers on fresh buying; gold remains flat

Silver prices recovered by Rs 370 to Rs 41,900 per kg in the national capital today on fresh buying by industrial units, while gold held steady in restricted trade.

Analysts said fresh buying by industrial units led to the recovery in silver prices.

On the domestic front, silver ready rose by Rs 370 to Rs 41,900 per kg and weekly-based delivery by Rs 400 to Rs 41,280 per kg.

However, silver coins remained stable at Rs 45,900 for buying and Rs 46,000 for selling of 100 pieces. 

On the other hand, the gold of 99.9 and 99.5 per cent purity held steady at Rs 20,670 and Rs 20,550 per 10 gram, respectively. 

Sovereign also traded around previous level of Rs 16,600 per pieces of eight gram.