Gold prices on Wednesday rose by 100 to 32,500 per 10 gm at the bullion market here, owing to increased buying by local jewellers amid positive trend overseas. Following the movement of gold, silver also jumped by 125 to 38,125 per kg on fresh buying by industrial units and coin makers.

Traders attributed the rise in gold prices to higher demand from local jewellers amid positive global markets.

Globally, gold traded higher by 0.31 per cent at $1,273.90 an ounce, while silver was up by 0.68 per cent at $14.94 an ounce in New York.

In the national capital, gold of 99.9 per cent and 99.5 per cent purities gained 100 each to 32,500 and 32,350 per 10 gm, respectively. The precious metal had gained 300 in the previous two sessions.

Sovereign, however, traded flat at 25,000 per piece of eight gram.

Silver ready gained 125 to 38,125 per kg, while weekly-based delivery rose by 140 to 37,681 per kg.

Silver coins showed no change in prices and stood at 74,000 for buying and 75,000 for selling of 100 pieces.

(This story has been published from a wire agency feed without modifications to the text. Only the headline has been changed.)

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