Gold prices rose by Rs. 190 to Rs. 30,440 per ten grams following sustained buying by stockists on pick-up in seasonal demand.
Silver also rose by Rs. 470 to Rs. 43,300 per kg on increased offtake by industrial units and coin makers.
Bullion merchants said sustained buying by stockists on the back of pick-up in seasonal demand and a firm global trend mainly led to the rise in gold and silver prices.
Gold in Singapore, which normally sets price trend on the domestic front, inched up by 0.05 per cent to $1,284.30 and silver by 0.39 per cent to $19.46.
Weakening rupee against the US dollar which makes the import of precious metals expensive further boosted the sentiment, they said.
In the national capital, gold of 99.9 and 99.5 per cent purity shot up by Rs. 190 each to Rs. 30,440 and Rs. 30,240 per ten grams, respectively. It had gained Rs. 210 yesterday. Sovereign, however, remained flat atRs. 24,900 per piece of eight gram.
In a similar fashion, silver rose further by Rs. 470 to Rs. 43,300 per kg. The white metal had gained Rs. 230 in the previous session.
Silver also rose by Rs. 470 to Rs. 43,300 per kg on increased offtake by industrial units and coin makers.
Bullion merchants said sustained buying by stockists on the back of pick-up in seasonal demand and a firm global trend mainly led to the rise in gold and silver prices.
Gold in Singapore, which normally sets price trend on the domestic front, inched up by 0.05 per cent to $1,284.30 and silver by 0.39 per cent to $19.46.
Weakening rupee against the US dollar which makes the import of precious metals expensive further boosted the sentiment, they said.
In the national capital, gold of 99.9 and 99.5 per cent purity shot up by Rs. 190 each to Rs. 30,440 and Rs. 30,240 per ten grams, respectively. It had gained Rs. 210 yesterday. Sovereign, however, remained flat atRs. 24,900 per piece of eight gram.
In a similar fashion, silver rose further by Rs. 470 to Rs. 43,300 per kg. The white metal had gained Rs. 230 in the previous session.