New Delhi, July 31 (PTI) Gold recovered by Rs 95 to Rs 18,145 per ten grams in the bullion market today on emergence of buying by stockists and retail customers and a sharp rally in prices overseas. Silver also spurted by Rs 450 to Rs 28,900 per kg on increased off take by industrial units and coins makers.
Gold in global markets, which normally set the price trend on domestic markets, recorded a sharp rise of 14.90 dollar to 1,181.40 dollar an ounce in New York last evening. Gold of 99.99 purity and 99.5 purity recovered by Rs 95 each to Rs 18,145 and Rs 18,045 per ten grams respectively.
They had lost Rs 35 each in the previous session. Sovereign remained steady at Rs 14,500 per piece of eight gram in restricted buying.
In line with a general rising trend, silver ready spurted by Rs 450 to Rs 28,900 per kg and weekly-based delivery by Rs 435 to Rs 28,660 per kg. Meanwhile, silver coins continued to be asked around the previous level of Rs 34,100 for buying and Rs 34,200 for selling of 100 pieces.
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