Silver climbs to Rs 58,300, gold rises to Rs 22,870

Silver rebounded by Rs 1,050 to Rs 58,300 per kg, while gold recovered by Rs 50 to Rs 22,870 per 10 grams on the bullion market on Tuesday on emergence of buying by stockists and speculators amid a firming global trend.

Trading sentiments turned better after gold prices rose in London as a weaker dollar and concerns about Europe's debt woes spurred the demand for the metals as an alternative investment.

Gold in global markets, traded $2.08, or 0.1 per cent higher at $1,539.23 an ounce and silver jumped by 1.2 per cent to $38.61 an ounce.

On the domestic front, both silver ready and weekly based delivery staged a strong comeback and climbed by Rs 1,050 to Rs 58,300 per kg.

However, silver coins remained steady at Rs 65,000 for buying and Rs 66,000 for selling of 100 pieces.