After two consecutive days of losses, gold prices rebounded by Rs 175 to Rs 31,325 per 10 grams at the bullion market here today on fresh buying by local jewellers but a subdued trend overseas capped the gains.
Silver also staged a recovery, climbing Rs 205 to Rs 39,475 per kg on increased offtake by industrial units
Standard gold (99.5 per cent purity) moved up by Rs 175 to end at Rs 31,325 per 10 grams from Tuesday's close of Rs 31,150.
Pure gold (99.9 per cent purity) also gained the same amount to settle at Rs 31,475 per 10 grams against Rs 31,300 yesterday.
Silver (.999 fineness) climbed by Rs 205 to conclude at Rs 39,475 per kg as against Rs 39,270.
Globally, gold fell as the dollar and US Treasury yields jumped on robust US data and signs of an easing in the US-China trade conflict.
Spot gold was down 0.4 per cent at USD 1,325.06 per ounce at early trade.
In other precious metals, spot silver dropped 0.7 per cent to USD 16.58 an ounce.
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