New Delhi, Nov. 2 -- Gold and silver prices recovered in Monday's trade after hitting multi-month lows, as easing inflationary pressures amid a sharp retreat in crude oil prices supported sentiment. A drop in the US dollar also lent support to the rebound in precious metals.

The December gold futures contract on the MCX gained Rs.2,039 per 10 grams to touch the day's high of Rs.1,40,524. In the previous session, the yellow metal had fallen to its lowest level since March.

Silver prices also attempted a recovery, with the futures contract rising Rs.5,543 per kg to Rs.1,84,675.

The rebound came after silver logged back-to-back monthly losses, with October marking its steepest monthly decline, at 20%, or Rs.44,574 per kg and during the pe...