New Delhi, Nov 06: Snapping the two-day losing streak, gold prices on Thursday rebounded by Rs 600 to Rs 1,24,700 per 10 grams in the national capital on a fresh wave of buying by traders and firm global cues.

The precious metal of 99.5 per cent purity increased by Rs 600 to Rs 1,24,100 per 10 grams (inclusive of all taxes), according to All India Sarafa Association. The metal had closed at Rs 1,23,500 per 10 grams on Tuesday.

In the local bullion market, gold of 99.9 per cent purity had ended at Rs 1,24,100 per 10 grams in the previous market session.

Silver prices rallied by Rs 1,800 to Rs 1,53,300 per kilogram (inclusive of all taxes) on Thursday. It had settled at Rs 1,51,500 per kg on Tuesday.

Bullion markets were closed on Wednesday on account of the Prakash Gurpurb Sri Guru Nan

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