After falling for three days in a row, gold recovered by Rs 50 to Rs 30,450 per 10 grams in the bullion market here today, while silver fell for the fourth day by losing Rs 925 to Rs 52,975 per kg.
Gold, which had lost Rs 350 in the last three sessions, gained on revival of buying at low levels amid a firming global trend where Europe’s debt crisis spurred the demand for the metal as a safe haven, traders said.
In New York, gold rose by 0.1 per cent to USD 1,566.90 an ounce. Silver prices declined on reduced offtake by industrial units and coin makers, they added. The metal has declined by Rs 1,900 in last three trading sessions.
—-PTI