New Delhi: Snapping a three-day losing streak, gold prices recovered by Rs 40 to Rs 20,730 per 10 grams due to fresh buying by retailers at existing lower levels, supported by a firm global trend.
However, silver held steady at Rs 44,800 per kg in restricted buying support from industrial units.
Traders said emergence of buying at existing lower levels amid a firm trend in global markets mainly led to a recovery in gold prices.
Gold in global markets, which normally set a price trend on the domestic front, rose by USD 6 to USD 1,375.50 an ounce in New York last evening.
On the domestic front, the gold of 99.9 and 99.5 per cent purity recovered by Rs 40 each to Rs 20,730 and Rs 20,610 per 10 grams, respectively. However, sovereign remained flat at Rs 16,750 per piece of eight gram.
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