Gold rises by Rs240 on high demand

Gold rises by Rs240 on high demand

New Delhi: Gold prices jumped by Rs240 to Rs13,240 per 10 gram on the bullion market on Tuesday on emergence of buying by retailers and jewellery fabricators to meet the demand for Christmas and New year celebrations.

In a similar fashion, silver also rose by Rs30 at Rs17,650 per kg.

Standard gold and ornaments spurted by Rs240 each to Rs13,240 and Rs13,090 per 10 gram respectively.

However, sovereign ruled flat at Rs10,600 per piece of 8 gram. Weekly-based silver delivery rose by Rs30 at Rs17,720 per kg.

Silver coins continued to be at previous level of Rs26,900 for buying and Rs27,000 for selling of 100 pieces.