Gold remains steady on scattered buying; silver recovers

Gold prices remained steady at Rs 26,320 per 10 grams at the bullion market today on scattered buying by jewellers and retailers even as the precious metal strengthened overseas.
Silver, however, recovered marginally by Rs 20 to Rs 35,800 per kg on some enquiries from industrial units.
Traders said restricted buying activity by jewellers and retailers mainly kept gold prices steady.
Globally, gold climbed 0.7 per cent to USD 1,161.85 an ounce in Singapore.
In the national capital, gold of 99.9 and 99.5 per cent purity held steady at Rs 26,320 and Rs 26,120 per 10 grams, respectively.
Sovereign followed suit and traded at last level of Rs 23,600 per piece of eight gram.

On the other hand, silver ready rose by Rs 20 to Rs 35,800 per kg and weekly-based delivery by Rs 200 to Rs 35,475 per kg.
Silver coins, however, faced some selling pressure and plunged by Rs 1,000 to Rs 55,000 for buying and Rs 56,000 for selling of 100 pieces.