Gold prices on Friday rose by another Rs. 90 to Rs. 30,680 per 10 grams on increased buying by stockists for the ongoing marriage season amid a firming global trend.
On the other hand, silver recovered by Rs. 240 to Rs.43,420 per kg on increased offtake by industrial units and coin makers.
Traders said increased buying by stockists and retailers for the ongoing marriage season amid a firming global trend, as escalating tensions between Ukraine and Russia spur demand for haven assets, mainly led the rise in precious metal prices.
Gold in New York, rose by 0.5 per cent to $1,290.60 an ounce and silver by 1.3 per cent to $19.71 an ounce.
On the domestic front, gold of 99.9 and 99.5 per cent purity added Rs.90 each to Rs. 30,680 and Rs. 30,480 per 10 grams, respectively.It had gained Rs. 550 in the previous three sessions.Sovereign, however, held steady at Rs. 25,000 per piece of 8 grams in limited deals.
Silver ready recovered by Rs. 240 to Rs. 43,420 per kg and weekly-based delivery by similar margin to Rs. 42,720 per kg. It had lost Rs. 120 on Thursday.Silver coins ruled steady at Rs. 82,000 for buying and Rs. 83,000 for selling of 100 pieces.
On the other hand, silver recovered by Rs. 240 to Rs.43,420 per kg on increased offtake by industrial units and coin makers.
Traders said increased buying by stockists and retailers for the ongoing marriage season amid a firming global trend, as escalating tensions between Ukraine and Russia spur demand for haven assets, mainly led the rise in precious metal prices.
Gold in New York, rose by 0.5 per cent to $1,290.60 an ounce and silver by 1.3 per cent to $19.71 an ounce.
On the domestic front, gold of 99.9 and 99.5 per cent purity added Rs.90 each to Rs. 30,680 and Rs. 30,480 per 10 grams, respectively.It had gained Rs. 550 in the previous three sessions.Sovereign, however, held steady at Rs. 25,000 per piece of 8 grams in limited deals.
Silver ready recovered by Rs. 240 to Rs. 43,420 per kg and weekly-based delivery by similar margin to Rs. 42,720 per kg. It had lost Rs. 120 on Thursday.Silver coins ruled steady at Rs. 82,000 for buying and Rs. 83,000 for selling of 100 pieces.