New Delhi: Gold maintained an upward trend for the fourth straight day in the bullion market here on Tuesday and rose by Rs225 to Rs28,690 per 10 grams on marriage season demand amid a firming global trend.
Silver also found fresh buying support from industrial units and speculators and gained Rs500 to Rs56,500 per kg.
Traders said gold rose on sustained buying by stockists and jewellery makers to meet the marriage season demand.
A firming trend in overseas market after gold gave the best January performance since 2008 as a weaker dollar boosted the metal’s appeal, also influence the trading sentiment, traders said.
In Singapore, gold gained 0.3% to $1,735.63 an ounce, while silver rose by 0.4% to $33.64 dollar an ounce.
Back home, gold of 99.9 and 99.5% purity climbed by Rs225 each to Rs28,690 and Rs28,550 per 10 grams, respectively. The metal has gained Rs695 in the last three trading days.
Sovereign followed suit and rose by Rs50 to Rs23,400 per piece of eight grams.
Silver ready recovered by Rs500 to Rs56,500 per kg and weekly-based delivery gained Rs560 to Rs57,185 per kg. The precious metal had lost Rs500 in the previous session.
Silver coins followed suit and spurted by Rs2,000 to Rs68,000 for buying and Rs69,000 for selling of 100 pieces on rising marriage season demand.