Gold prices rebounded after falling for two days and gained Rs 20 to Rs 14,710 per ten gram in the national capital on emergence of buying at existing lower levels influenced by firming global trend.
However, silver remained under selling pressure and dropped by Rs 200 to Rs 21,400 per kg.
Marketmen said fresh buying by stockists and jewellery fabricators at existing lower levels influenced by firming trend in the US market last evening mainly led to the recovery in gold prices.
Standard gold and ornaments, which remained in negative zone since last two trading sessions, gained Rs 20 each to Rs 14,710 and Rs 14,560 per ten gram respectively. However, sovereign, remained flat at Rs 12,300 per piece of eight gram.
Silver, meanwhile, remained under selling pressure, with silver ready falling by Rs 200 to Rs 21,400 per kg and weekly delivery by Rs 180 to Rs 21,260 per kg.
Silver coins was trading at Rs 28,800 for buying and Rs 28,900 for selling of 100 pieces.