New Delhi: Gold prices recovered by Rs20 to Rs30,200 per ten grams in Delhi on Wednesday on buying by retailers. However, silver fell further by Rs400 to Rs44,500 per kg on reduced offtake by industrial units.
Traders said some buying by retailers helped gold prices to recover while reduced offtake by industrial units kept pressure on silver to surrendered further ground.
Both gold and silver traded lower in Mumbai on fresh selling by stockists. Gold of 99.9 and 99.5% purity fell by Rs80 each to Rs30,030 and Rs29,880 per ten grams, respectively, while silver lost Rs400 to Rs45,250 per kg.
In the national capital, gold of 99.9 and 99.5% purity recovered by Rs20 each to Rs30,200 and Rs30,000 per ten grams, respectively. It had lost Rs20 on Tuesday. Sovereign remained steady at Rs25,100 per piece of eight grams in limited deals.
Silver ready dropped further by Rs400 to Rs44,500 per kg and weekly-based delivery by Rs450 to Rs44,370 per kg. The white metal had lost Rs350 in last trade.
Silver coins, however, continued to be asked around previous level of Rs86,000 for buying and Rs87,000 for selling of 100 pieces.
