Snapping its four-day falling run, gold prices on Saturday recovered by `55 to trade at `27,330 per ten grams at the bullion market on revival of buying by jewellers at prevailing lower levels amid a better global trend.
However, silver fell by `175 to `38,575 per kg owing to reduced offtake by industrial users and coin makers.
Traders said besides buying by jewellers at existing levels, a firm global trend after the US economy contracted in the first quarter, easing concern that the Federal Reserve will be quick to raise interest rates for the first time since 2006, mainly led to the recovery in gold prices here.
