NEW DELHI: Snapping a four-day losing streak, gold prices on Wednesday recovered by Rs 155 to Rs 13,465 per 10 gram in the bullion market here as traders and investors shifted their funds from melting stock markets to bullion. The precious metal, which had lost Rs 340 per 10 gram in the last four sessions, bounced back on revival of buying in line with a firm trend in the US markets last night. The gold in American markets rose from 844 dollar to 865 dollar an ounce. Marketmen said most of the investors, including stockists, shifted their funds from stocks markets, which today recorded biggest single day losses this year. The Bombay Stock Exchange benchmark Sensex today lost 749 points on panic selling by funds after Satyam Computer said profit had been inflated for years, raising concerns of dim third-quarter earnings by blue-chip companies. Besides, they said firming trend in overseas markets was another boosting factor for bullion. Standard gold and ornaments rose by Rs 155 each to Rs 13,465 and Rs 13,315 per 10 gram, respectively, while sovereign gained Rs 25 to Rs 10,750 per piece of eight gram. Similarly, silver ready attracted brisk buying support from stockists and industrial units and recorded a gain of Rs 210 at Rs 18,400 per kg and weekly-based delivery by Rs 260 to Rs 18,410 per kg. Silver coins also traded higher by Rs 100 to Rs 27,000 for buying and Rs 27,100 for selling of 100 pieces in line with general firming trend.

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