New Delhi: Gold prices went up on Thursday in the bullion market on emergence of buying by retail customers, as a free fall in previous day's trading, placed the metal at attractive low levels.
Buying activity also picked up on reports of recovery in other Asian markets, which normally sets the price band in domestic markets.
Gold rose $ 8 an ounce to $ 567.75 in Asia after losing 12 per cent in last eight days on firming dollar against other leading currencies, making dollar-priced metal more costlier.
Speculative buying picked up, and silver weekly-based delivery price shot up enthused by a firming trend in overseas markets where it rose 27 cents to $ 9.9 an ounce.
Standard gold and ornaments recovered by Rs 70 each at Rs 8660 and Rs 8510 per ten grams respectively. Sovereign followed suit and rose by Rs 50 at Rs 7400 per piece of eight gram.
Silver weekly-based delivery sky-rocketed by Rs 1950 at Rs 17,140 per kg on aggressive buying by speculator while silver ready lacked necessary follow up and dropped by Rs 500 at Rs 15,000 a kg.
Its coins also gained Rs 100 at Rs 20,200 for buying and Rs 20,300 for selling of 100 coins.
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