New Delhi: Gold and silver recovered in the bullion market here on Friday on emergence of buying by stockists influenced by a firming global trend.
Gold rose by Rs130 to Rs15,090 per 10 gram, while silver recovered Rs300 to Rs23,300 per kg.
Marketmen said buying activity picked up after reports that the precious metals rose in the overseas market as dollar weakened against major currencies.
In the global markets, which normally set price trend in the domestic markets, gold rose $7.40 to $973 an ounce in New York in previous day’s trading.
Standard gold and ornaments moved up by Rs130 each to Rs15,090 and Rs14,940 per 10 gram, respectively. Sovereign soared by Rs50 to Rs12,450 per piece of eight gram.
Silver ready recovered Rs300 to Rs23,300 per kg, after falling by Rs500 in previous day’s trading and weekly-based delivery by Rs665 to Rs24,355 per kg.
Silver coins gained Rs100 at Rs29,700 for buying and Rs29,800 for selling of 100 pieces.