Silver also rebounded by Rs 140 to Rs 37,050 per kg on increased offtake by industrial units including coin makers. Traders said increased buying by jewellers mainly led to the recovery in the precious metals prices.

However, a weak global trend due to strengthening of USD after negotiations between Greece and its creditors failed, reduced the demand for the safe haven and capped the rise in prices.

Globally, gold fell by 0.32 percent to USD 1177.50 an ounce and silver by 0.44 percent to USD 15.98 an ounce in Singapore. In the national capital, gold of 99.9 and 99.5 percent purity recovered by Rs 105 each to Rs 27,180 and Rs 27,030 per ten grams, respectively. It had lost Rs 55 on Saturday.

Sovereign, however, held steady at Rs 23,300 per piece of eight gram. Silver ready rose by Rs 140 to Rs 37,050 per kg and weekly-based delivery by Rs 75 to Rs 36,670 per kg.

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