Mumbai: Gold prices recovered by Rs 120 per ten grams at the bullion market here today in sync with a firm global trend amid persistent buying by local jewellers.  

Silver also advanced by Rs 145 per kg backed by increased offtake by industrial units. Standard gold (99.5 purity) moved up by Rs 120 to close at Rs 30,190 per 10 grams from Tuesday's closing level of Rs 30,070.  

Pure gold (99.9 purity) rose up by Rs 115 to end at Rs 30,340 per 10 grams as against Rs 30,225.   Silver (.999 fineness) climbed by Rs 145 per kg to close at Rs 40,885 as compared to Rs 40,740 earlier.  

Globally, Gold rose towards one-year highs, boosted by tensions on the Korean peninsula and a lower dollar due to growing expectations the Federal Reserve will delay rate rises.  

Spot gold was little changed at USD 1,340.12 an ounce at early trade. Elsewhere silver gained 0.2 per cent to USD 17.93. PTI