Gold prices recovered smartly at the bullion market here today due to fresh buying by stockists and jewellers amidst firming trend in overseas markets.
Silver, also tracked the yellow metal to firm up on good demand from industrial users. Standard gold (99.5 purity) rose by Rs 125 per ten grams to close at Rs 18,390 from yesterday's closing level of Rs 18,265.
Pure gold (99.9 purity) also spurted by Rs 130 per 10 gram to end at Rs 18,480, as against Rs 18,350 previously. Silver ready (.999 fineness) recouped by Rs 215 per kilo to finish at Rs 29,430 from Rs 29,215.
In New York, gold for August delivery gained by $13.70 to $1,209.80 an ounce on the Comex division of the NYMEX. Silver for September delivery added by 20 cents to $18.07 an ounce.
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