New Delhi: Gold prices recovered by Rs85 to Rs28,710 per ten grams in Delhi bullion market on Wednesday on increased buying by stockists and jewellers for the wedding season amid a firm global trend.

In the overseas markets, which normally sets price trend on the domestic front, gold traded a shade higher by 0.05% to $1,319 an ounce and silver by 0.14% to $20.93 an ounce in New York in Tuesday’s trade.

In Delhi, gold of 99.9 and 99.5% purity recovered by Rs85 each to Rs28,710 and Rs28,510 per ten grams, respectively, after losing Rs160 on Tuesday. Sovereign, however, remained steady at Rs24,900 per piece of eight grams in scattered deals.

In line with a general firm trend, silver ready rose by Rs100 to Rs44,800 per kg while weekly-based delivery shed Rs30 to Rs44,200 per kg on lack of buying support from speculators.

Silver coins, however, remained flat at Rs79,000 for buying and Rs80,000 for selling of 100 pieces in restricted buying at prevailing levels.

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