New Delhi: Snapping a two-day falling trend, gold prices recovered by Rs30 to Rs30,430 per ten grams in the national capital on Wednesday on low level buying, while silver lost Rs430 to Rs44,650 per kg on reduced offtake.
In Mumbai, gold traded higher at Rs30,330 per 10 grams and silver traded lower at Rs44,400 per kg.
Traders said some low-level buying by retailers for the marriage season mainly led to the recovery in gold prices, while silver declined on reduced offtake by industrial units and coin-makers at prevailing higher levels.
On the domestic front, gold of 99.9 and 99.5% purity recovered by Rs30 each to Rs30,430 and Rs30,230 per 10 grams, respectively, after losing Rs530 in last two trade.
Sovereigns followed suit and gained Rs50 to Rs25,200 per piece of eight grams.
On the other hand, silver ready fell by Rs430 to Rs44,650 per kg and weekly-based delivery by Rs580 to Rs45,000 per kg. The white metal had surged by Rs1,080 on Tuesday.
Silver coins dropped by Rs1,000 to Rs85,000 for buying and Rs86,000 for selling of 100 pieces on fall in demand at prevailing higher levels.
