Snapping its three-day falling streak, gold recovered from over six-week low by gaining Rs 80 at Rs 27,030 per 10 grams in the national capital on Monday on emergence of buying by jewellers at lower levels amid positive global cues.
Silver also rose by Rs 150 to Rs 37,500 per kg on increased offtake by industrial units.
Traders said revival of buying by jewellers and retailers at prevailing lower levels and a slightly better trend in global markets, as the dollar stabilised, mainly led to the recovery in gold prices.
Gold in Singapore, which normally determines price trend on the domestic front, rose marginally by 0.1 per cent to $1,173.24 an ounce and silver by 0.1 per cent to $16.11 an ounce.
In Delhi, gold of 99.9 and 99.5 per cent purity rose by Rs 80 each to Rs 27,030 and Rs 26,880 per 10 grams, respectively.
The yellow metal has lost Rs 390 in last three days.
Sovereign, however, continued to be traded at Rs 23,600 per piece of eight grams in scattered deals.
Silver ready prices were up by Rs 150 to Rs 37,500 per kg and weekly-based delivery by Rs 115 to Rs 37,125 per kg.
On the other hand, silver coins remained stable at Rs 54,000 for buying and Rs 55,000 for selling of 100 pieces in restricted buying activity.
