New Delhi, December 19: Gold prices today increased by Rs 110 to Rs 17,110 per ten gram in the bullion market here on fresh buying by stockists in sync with a positive trend overseas.
Marketmen said purchases by bulk traders as the precious metal rose in the global markets helped gold recover earlier losses.
The trading sentiment turned strong as the precious metal rose in New York after dropping to the lowest point in more than a month, encouraging investors to buy. Gold rose by USD 15.30 to USD 1,112.40 an ounce last evening after dipping to USD 1,095.70.
Standard gold and ornaments recovered by Rs 110 each to Rs 17,110 and Rs 16,960 per ten gram, respectively. They had lost Rs 300 each yesterday. Sovereign followed suit and gained Rs 50 to reach Rs 14,000 per eight-gram piece.
–PTI