NEW DELHI: After Friday’s slide, gold prices recovered by Rs. 80 to Rs. 27,130 per 10 grams at the bullion market today, taking positive cues from overseas markets amid fresh buying by jewellers.

Silver, however, shed Rs. 10 at Rs. 34,840 per kg on lack of buying support from industrial users and coin makers.

Bullion traders said besides a firming trend overseas, wedding season buying by jewellers and retailers at the domestic market, mainly led to recovery in gold prices. Globally, gold rose 0.25 per cent to USD 1,117.80 an ounce and silver by 0.11 per cent to USD 14.24 an ounce in New York in yesterday’s trade. In the national capital, gold of 99.9 per cent and 99.5 per cent purity rebounded by Rs. 80 each to Rs. 27,130 and Rs. 26,980 per 10 grams, respectively. The precious metal had shed Rs. 85 on Friday. Sovereign, however, remained steady at Rs. 22,500 per piece of eight grams in limited deals. On the other hand, silver ready declined by Rs. 10 to Rs. 34,840 per kg, while weekly-based delivery inched up by Rs. 25 to Rs. 34,750 per kg. Silver coins plummeted by Rs. 1,000 to Rs. 50,000 for buying and Rs. 51,000 for selling of 100 pieces.–PTI