Silver followed suit and rebounded by Rs 400 to Rs 44,800 per kg on increased offtake by industrial units and coin makers.
Marketmen said apart from firming trend overseas, emergence of buying by jewellers and retailers to meet the upcoming festive season demand mainly attributed recovery in precious metal prices.
Gold in New York, which normally sets the price trend on the domestic front, rose by one per cent to $1,305.30 an ounce, a biggest gain since July 17 and silver by 1.1 per cent to $20.63
Top 10 gold exporting countries of the world
New gold ETF norms may make investment risky
National war memorial likely to come up near India Gate
Megan Fox, Jack Black, Jeff Bridges: A day out in Hollywood
India's first aerotropolis is mired in controversies