Gold prices recovered modestly at the bullion market here today on stray buying while silver dropped on speculative selling amidst lower industrial offtake.
Standard gold (99.5 purity) moved up by Rs 10 to finish at Rs 29,810 per 10 gm against Monday's closing level of Rs 29,800.
Pure gold (99.9 purity) went up by Rs 40 to conclude at Rs 29,960 per 10 gm from the previous close of Rs 29,920.
However, silver ready (.999 fineness) fell by Rs 170 per kg to close at Rs 54,585 against the previous close of Rs 54,755.
In Europe, gold was trading steady despite lower euro, as expectation of new round of monetary easing by Federal Reserve and good Chinese demand supported the metal.
Spot gold was bid up at USD 1,618.85 an ounce in early trade while silver was trading higher at USD 28.27 an ounce.
