Gold brings up modest gain on buying interest

Gold prices recovered by Rs 20 to Rs 31,070 per 10 grams today, mirroring a firm trend overseas along with scattered buying by jewellers in the domestic spot market.
Silver also rebounded by Rs 250 to Rs 45,450 per kg on increased off-take by industrial units.
Traders said that apart from a firm trend overseas, scattered buying by jewellers in the domestic spot market led to the recovery in gold prices.
Globally, gold rose by 0.16 per cent to USD 1,320.50 an ounce and silver by 0.66 per cent to USD 18.97 in Singapore.
In the national capital, gold of 99.9 per cent and 99.5 per cent purity edged up by Rs 20 each to Rs 31,070 and Rs 30,920 per 10 grams, respectively. It had lost Rs 125 yesterday.

Sovereign, however, remained flat at Rs 24,400 per piece of eight grams.
Silver ready also rebounded Rs 250 to Rs 45,450 per kg and weekly-based delivery Rs 140 to Rs 45,585 per kg.
Silver coins, however, remained unaltered at Rs 75,000 for buying and Rs 76,000 for selling of 100 pieces.