Gold prices on Tuesday recovered by Rs 270 to Rs 31,370 per 10 gram on fresh buying by stockists despite a weak global trend.
Traders said fresh buying by stockists to meet the festive season demand mainly led recovery in the yellow metal's prices.
Gold in London, which normally set price trend on the domestic front, fell by 0.8 per cent to $1,375.71 an ounce and silver by 1.9 per cent to $23.26 an ounce.
On the domestic front, gold of 99.9 and 99.5 per cent purity recovered by Rs 270 each to Rs 31,370 and Rs 31,170 per 10 grams, respectively, after losing Rs 625 on Monday.
Sovereign held steady at Rs 25,200 per piece of eight gram in limited deals.
On the other hand, silver ready dropped by Rs 970 to Rs 53,330 per kg and weekly-based delivery by Rs 1595 to Rs 53,300 per kg. Silver coins followed suit and plunged by Rs 1,000 to Rs 87,000 for buying and Rs 88,000 for selling of 100 pieces.
