New Delhi: Snapping its three-day falling trend, gold prices recovered by Rs160 to Rs28,500 per ten grams in the national capital on Thursday on fresh buying by stockists at existing lower levels amid a firm global trend. Silver also rebounded by Rs360 to Rs41,770 per kg on increased offtake by industrial units and coin makers. Sentiment turned better after gold advanced in overseas markets before the US jobless claims report, traders said. Gold in Singapore, which normally set price trend on the domestic front, rose by 0.8% to 1,297.69 dollar an ounce and silver by 0.8% to 19.75 dollar an ounce. On the domestic front, gold of 99.9 and 99.5% purity recovered by Rs160 each to Rs28,500 and Rs28,300 per ten grams respectively. The yellow metal had lost Rs460 in the previous three sessions. Sovereign continued to be asked around previous level of Rs24,400 per piece of eight gram. In line with a general firm trend, silver ready rebounded by Rs360 to Rs41,770 per kg and weekly-based delivery by Rs340 to Rs41,620 per kg respectively. The white metal had shed Rs695 on Wednesday. Meanwhile, silver coins held steady at Rs80,000 for buying and Rs81,000 for selling of 100 pieces.

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