New Delhi: Gold prices rose by another Rs100 to Rs31,580 per 10 gram at Delhi bullion market on Saturday on persistent buying by local jewellers despite negative global leads.

Marketmen said increased buying by local jewellers to meet growing demand for ornaments kept gold prices higher. A weak trend overseas, however, capped the gains.

Globally, gold fell by 0.24% to $1,328.20 an ounce and silver by 0.57% to $16.50 an ounce in New York. In Singapore, gold dropped 0.05% to SGD 1,753.45 an ounce while silver was flat at SGD 21.81 an ounce.

In the national capital, gold of 99.9% and 99.5% purity added another Rs100 each to Rs31,580 and Rs31,430 per 10 grams. The precious metal had gained Rs130 yesterday. Sovereign, however, remained unaltered at Rs24,800 per piece of eight grams.

On the other hand, silver ready plunged by Rs1,075 to Rs39,475 per kg and weekly-based delivery shed Rs10 to Rs38,500 per kg. Silver coins, however, continued to be traded at previous level of Rs74,000 for buying and Rs75,000 for selling of 100 pieces.

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