Gold prices recovered modestly in the bullion market on renewed local buying interest at lower levels amid mild offtake by stockists despite lower overseas cues. Silver prices also gained on fresh speculative buying by investors. Standard gold of 99.5 per cent purity rose by Rs 75 to end at Rs 27,590 per 10 grams from Thursday's close of Rs 27,515. Pure gold of 99.9 per cent purity firmed up by Rs 60 to close at Rs 27,710 per 10 grams from Rs 27,650. Silver ready (.999 fineness) moved up by Rs 95 to conclude at Rs 52,570 per kg as compared to Rs 52,475 previously. In New York,gold extended its loss following drop in US jobless claims and improved consumer data amidst bullish equities. Gold for February delivery fell USD 3 to USD 1,610.60 an ounce on the Comex division of the NYMEX late yesterday. March silver contract closed lower by 20 cents to USD 29.05 an ounce.
