However, silver held steady at Rs 48,000 per kg on lack of buying support from industrial units.

Traders said increased buying by stockists and retail customers for the marriage season mainly led to recovery in gold prices.

Firm global trend further supported the uptrend, they said.

Gold in Singapore, which normally sets price trend on the domestic front, rose by 0.6 per cent to USD 1,289 an ounce.

On the domestic front, gold of 99.9 and 99.5 percent purity recovered by Rs 220 each to Rs 31,720 and Rs 31,520 per ten gram, respectively. It had lost Rs 315 on Wednesday.

Sovereign followed suit and went up by Rs 100 to Rs 25,300 per piece of eight gram.

On the other hand, silver ready held steady at Rs 48,000 per kg while weekly-based delivery lost Rs 110 at Rs 47,200 per kg on lack of speculators support, while  silver coins spurted by Rs 1,000 to Rs 86,000 for buying and Rs 87,000 for selling of 100 pieces on marriage season demand.

(Agencies)

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