New Delhi: Gold prices rose by Rs200 to Rs30,370 per ten grams in Delhi on Friday on brisk buying by stockists for the marriage season amid a firm global trend. Silver prices also jumped by Rs500 to Rs45,000 per kg on increased offtake by jewellery fabricators and industrial units.
A similar trend was noticed in Mumbai as gold of 99.9 and 99.5% purity recovered Rs125 each to Rs30,050 and Rs29,900 per ten gram, respectively, while silver shot up by Rs600 to Rs45,850 per kg.
Traders said brisk buying by stockists for the marriage season amid a firm global trend, where gold jumped to the highest close in nine weeks as the dollar plunged, boosting demand for the precious metal as an alternative investment, mainly supported the uptrend.
Gold in New York, which normally sets price trend on the domestic front, rose by 1.9% to $1,262.50 an ounce, the highest since 19 November and silver by 0.9% to $20.01 an ounce. Shifting of funds from falling equities to rising bullion also influenced the sentiment to some extent, they said.
On the domestic front, gold of 99.9 and 99.5% purity zoomed up by Rs200 each to 30,370 and Rs30,170 per ten grams, respectively. Sovereign remained steady at Rs25,100 per piece of eight gram.
In a similar fashion, silver ready spurted by Rs500 to Rs45,000 per kg and weekly-based delivery by Rs700 to Rs44,950 per kg.
Silver coins continued to be asked at last level of Rs86,000 for buying and Rs87,000 for selling of 100 pieces.
