Gold price recovered nearly Rs 200 to Rs 30,400 per 10 grams in Delhi bullion market on Tuesday as traders and stockists purchased more gold ahead of marriage season in the country.

Apart from more buying of the precious yellow metal by traders said stockists, a firmer global trend also pushed the price of the metal up.

In New York, gold price jumped 0.30 per cent to US$ 1,252.40 per ounce. Spot gold last traded at US$ 1,251.50 per ounce, down 0.15 per cent from the previous trade, after hitting a high of US$ 1,255.40 in the intra-day trade.

Silver also recovered Rs 320 to reach Rs 45,120 per kilogram, thanks to higher demand for the white metal by industrial units and coin manufacturer.

In New York, silver price jumped 1.17 per cent to US$ 20.41 per ounce.

In India, gold of 99.9 per cent and 99.5 per cent purity recovered by Rs 200 to hit Rs 30,400 and Rs 30,200 per 10 grams, respectively. In the previous day's trading, it has shed Rs 15 per 10 grams. Sovereign remained unchanged at Rs 25,100 per piece of 8 grams.

Gold price reported a considerable recovery but it still far lower than its peak of more than Rs 35,000 per 10 grams that it had hit ahead of Diwali last year. The government introduced various measures, such as hike in import duty on gold, to discourage consumers from investing in gold as heavy imports of the metal was one of the main causes of the country's widening current account deficit.