Gold saw a mild recovery after its four-day fall at the domestic bullion market here today following renewed buying by jewellery stockists and retailers.

Gold saw a mild recovery after its four-day fall at the domestic bullion market here in Mumbai following renewed buying by jewellery stockists and retailers, says reports.

Elsewhere, silver also rebounded owing to fresh speculative buying amid good industrial offtake.

Standard gold (99.5 purity) advanced by Rs. 50 to end at Rs. 29,195 per 10 grams from last Friday’s level of Rs. 29,145.

Pure gold (99.9 purity) also rose by a similar margin to conclude at Rs. 29,345 per 10 grams from Rs. 29,295.

Silver (.999 fineness) jumped by Rs 330 per kg to finish at Rs. 43,180 compared to Rs. 42,850 previously.

Globally, gold steadied after falling to two-week lows in the previous session after Fed Chair Janet Yellen reinforced expectations the U.S. central bank would raise interest rates this month.

Spot gold was down 0.2 per cent to USD 1,231.6 an ounce in early trade, after Friday’s slide to USD 1,222.51, the lowest since February 15.

Elsewhere, spot silver fell 1 per cent to USD 17.78 per ounce.