New Delhi, Nov 13 (PTI) Gold prices recovered by Rs 75 to Rs 30,525 per 10 grams at the bullion market today on firm trend overseas amid fresh buying by local jewellers.

Silver also rebounded by Rs 150 to Rs 40,550 per kg on increased offtake by industrial units and coin makers.

Traders said, besides a firm trend overseas, pick-up in buying by local jewellers to meet wedding season demand at the domestic spot market, mainly led to the rise in gold prices.

Globally, gold rose 0.08 per cent to USD 1,275.90 an ounce and silver by 0.12 per cent to USD 16.88 an ounce in Singapore.

In the national capital, gold of 99.9 per cent and 99.5 per cent purity went up by Rs 75 each to Rs 30,525 and Rs 30,375 per 10 grams, respectively. It had lost Rs 80 in Saturday’s trade.

Sovereign, however, remained unaltered at Rs 24,700 per piece of eight grams.

Following gold, silver ready traded higher by Rs 150 to Rs 40,550 per kg and weekly-based delivery by Rs 130 to Rs 39,630 per kg.

Silver coins, however, held steady at Rs 74,000 for buying and Rs 75,000 for selling of 100 pieces.

This is published unedited from the PTI feed.