New Delhi: Gold prices rose marginally by Rs 10 to Rs 27,060 per 10 grams at the bullion market Wednesday on scattered wedding season demand from jewellers amid a firm global trend.
Silver, however, remained under selling pressure and lost Rs 200 at Rs 36,800 per kg.
Traders said mild demand from jewellers, triggered by wedding season demand and a firming global trend amid signs that demand is rising in China, helped the precious metal recover.
Gold in Singapore, which normally sets price trend on the domestic front, rose by 0.5 per cent to USD 1,209.12 an ounce.
In the national capital, gold of 99.9 and 99.5 percent purity edged up by Rs 10 each to Rs 27,060 and Rs 26,860 per 10 grams, respectively. It had lost Rs 250 yesterday.
Sovereign, however, continued to trade at last level of Rs 23,700 per piece of eight gram.
On the other hand, silver ready remained under selling pressure and traded lower by Rs 200 at Rs 36,800 per kg and weekly-based delivery by Rs 400 to Rs 36,300 per kg.
Silver coins moved in a tight range on restricted buying and settled at last level of Rs 59,000 for buying and Rs 60,000 for selling of 100 pieces.
