Gold recovers on fresh buying

New Delhi, Aug 11 (PTI) Gold prices recovered by Rs 60
to Rs 18,425 per ten gram in the national capital Wednesday on
fresh buying by stockists and jewellers to meet the upcoming
festive demand.
Marketmen said fresh buying by stockists and jewellers
for the upcoming festival season pushed up gold and silver
prices.
Gold of 99.99 and 99.5 per cent purity recovered by Rs 60
each to Rs 18,425 and Rs 18,325 per ten gram, respectively.
They had lost Rs 60 in the previous session.
However, sovereign remained steady at Rs 14,700 per piece
of eight gram.
In a similar fashion, silver ready gained Rs 50 to Rs
29,300 per kg and weekly-based delivery by Rs 15 to Rs 29,015
per kg.
Silver coins maintained their last level of Rs 34,400 for
buying and Rs 34,500 for selling of 100 pieces. PTI