Gold recovers on fresh buying; silver remain weak

Last Updated: Wed, Jul 17, 2013 10:18 hrs

Gold today recovered by Rs 50 to Rs 27,100 per 10 grams on fresh buying, while silver declined further by Rs 50 to Rs 41,050 per kg for want of support.

Traders said low level buying by stockists and retailers mainly helped gold prices to recover marginally.

In the national capital, gold of 99.9 and 99.5 per cent purity recovered by Rs 50 each to Rs 27,100 and Rs 26,900 per 10 grams, respectively. It had lost Rs 260 in last trade. Sovereigns held stable at Rs 24,150 per piece of eight grams.

On the other hand, silver ready and weekly-based delivery fell further by Rs 50 each at Rs 41,050 per kg, respectively.

Meanwhile, silver coins continued to be asked around previous level of Rs 79,000 for buying and Rs 80,000 for selling of 100 pieces.

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