After a two-day falling streak, gold prices recovered by Rs 50 per 10 grams at the bullion market here today, in tandem with a firming global trend amid increased buying by traders and stockists.
Silver prices also rebounded by Rs 280 to Rs 39,735 per kg, backed by increased offtake from the industrial units.
Standard gold (99.5 per cent purity) rose by Rs 50 to close at Rs 30,470 per 10 grams from Thursday's closing level of Rs 30,420.
Pure gold (99.9 per cent purity) also moved up by a similar margin to conclude at Rs 30,620 per 10 grams from Rs 30,570.
Silver (.999 fineness) shot-up by Rs 280 to end at Rs 39,735 per kg as against Rs 39,455 yesterday.
Globally, gold prices edged up from six-month lows, as the dollar slipped, but the modest nature of the recovery suggested speculators might still be poised to punish the metal further.
Spot gold was up by 0.2 per cent at USD 1,268.65 an ounce, at early trade.
Silver gained 0.7 per cent at USD 16.43 an ounce after falling to its lowest since May 2 at USD 16.16 in the previous session.
(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)