The price of gold recovered today by Rs. 155 to come up to Rs. 18,400 per 10 grams in the bullion market here after fixing the global trends.

The price of silver also came up by Rs. 120 and settled at Rs. 29,370 a kg due to the increase of off take by industrial users and makers of coins.

The price of gold increased in the global markets as the rate of the dollar dropped against the euro, thereby encouraging the value of precious metals as an alternative asset.

In the global trade, the price of gold came up by 10.80 dollar to settle at 1,205.70 dollar an ounce.

In the domestic markets, the prices of 99.99 percent pure and 99.5 percent pure gold came increased by Rs. 155 each to settle at Rs. 18,400 and Rs. 18,300 per ten grams respectively.

Sovereigns also gained Rs. 100 and are at Rs. 14,700 per eight gram piece.

Similarly, silver ready increased by Rs. 120 to Rs. 29,370 per kg.

The price of silver coins also increased by Rs. 100 to settle at Rs. 34,500 for buying and Rs. 34,600 for selling per 100 pieces.