Gold, silver recover on global cues, wedding season demand

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PTI, New Delhi :
After two days of losses, gold Thursday regained its glitter by surging Rs 210 at Rs 27,080 per 10 grams at the bullion market on positive global cues amid pick-up in demand from jewellers at prevailing levels.
Silver also gained Rs 200 at Rs 37,000 per kg on increased offtake by industrial units and coin makers.
Traders said a firm global trend, where gold recovered from a two-week low after reports showed signs of uneven expansion in US economy, boosting speculation that the Federal Reserve may push back the timing of the first interest rate increase since 2006, mainly boosted the sentiments here.
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