Both gold and silver prices today rose on buying by stockists and jewellers for the ongoing marriage season. While gold recovered by Rs 25 to Rs 28,515 per 10 grams,silver rose by Rs 200 to Rs 56,700 per kg on rising demand from industrial units.
Buying activity was so strong for that even as a fall in the precious metals in overseas markets,which normally sets the price trend on the domestic front,failed to influence the market sentiment,trader said.
In London,gold fell by 0.7 per cent to USD 1,716.75 an ounce.
On the domestic front,gold of 99.9 and 99.5 per cent purity recovered by Rs 25 each to Rs 28,515 and Rs 28,375 per 10 grams,respectively. It had lost Rs 40 yesterday. Sovereigns followed suit and moved up by Rs 50 to Rs 23,450 per piece of eight grams.
Similarly,silver ready rose by Rs 200 to Rs 56,700 per kg and weekly-based delivery by Rs 205 to Rs 57,345 per kg.
However,silver coin continued to be asked around previous level of Rs 67,000 for buying and Rs 68,000 for selling of 100 pieces.