New Delhi: Gold prices recovered by 110 to 31,010 per 10 gm in the national capital on emergence of buying by stockists at existing lower levels, driven by firm global cues.

Silver also strengthened by 200 to 57,700 per kg on increased offtake by industrial units and coin makers.

Marketmen said, besides emergence of buying by stockists and retailers at existing lower levels, firm global trend fuelled the trading sentiment. 

Increased offtake by industrial units helped silver to strengthen, they said.

Gold in New York, which normally sets price trend on the domestic front, rose by $3.50 to $1662.90 an ounce and silver by 0.33 per cent to $30.14 an ounce.

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On the domestic front, gold of 99.9 and 99.5 per cent purity recovered by 110 each to 31,010 and 30,810 per ten grams respectively. It had lost 320 in last two days.

Sovereign rose by 50 to 25,450 per piece of eight gram.

In line with a general firm trend, silver ready gained 200 to 57,700 per kg and week-based delivery by 485 to 58,040 per kg.

On the other hand, silver coins maintained last level of 79,000 for buying and 80,000 for selling of 100 prices in restricted buying activity.

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