Silver also moved up by Rs 300 to Rs 42,900 per kg on increased offtake from industrial units and coin makers.
Traders said recovery in gold prices was mostly supported by fresh buying by jewellers to meet rising demand and depreciating rupee against the dollar, making imports costlier.
In Delhi, gold of 99.9 and 99.5 per cent purity traded higher by Rs 150 each to Rs 28,050 and Rs 27,850
Gold prices may fall to Rs 25,000 per 10 gm
People put two-thirds of their savings in houses, gold
Markets recover; Nifty hovers around 7,600
How much black money is stashed abroad? No one seems to know
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