After two consecutive days of losses, gold prices rebounded by Rs 175 to Rs 31,325 per 10 grams at the bullion market here today on fresh buying by local jewellers but a subdued trend overseas capped the gains. Silver also staged a recovery, climbing Rs 205 to Rs 39,475 per kg on increased offtake by industrial units Standard gold (99.5 per cent purity) moved up by Rs 175 to end at Rs 31,325 per 10 grams from Tuesday's close of Rs 31,150.