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Rediff.com  » Business » Gold recovers by Rs 10 on low level buying

Gold recovers by Rs 10 on low level buying

Last updated on: May 17, 2013 18:15 IST

After two days of steep fall, gold prices recovered by Rs 10 to Rs 26,810 per 10 grams in the national capital on Friday on low level buying by retailers.

However, silver held steady at Rs 43,700 per kg in restricted buying from industrial units and coin makers.

Traders said scattered low level buying by retailers helped gold prices to trade marginally higher.

Gold of 99.9 and 99.5 per cent purity recovered by Rs 10 each to Rs 26,810 and Rs 26,610 per 10 grams, respectively. It had plummeted by Rs 1,100 in last two sessions. Sovereigns ruled flat at Rs 23,700 per piece of eight grams.

On the other hand, silver ready held steady at Rs 43,700 per kg and weekly-based delivery shed Rs 45 to Rs 42,955 per kg, while silver coins held steady at Rs 74,000 for buying and Rs 75,000 for selling of 100 pieces.

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