Gold prices moved up for the third straight session today by adding Rs 50 to Rs 29,300 per 10 grams, in sync with a firm trend overseas and continued buying by local jewellers.
Silver rose Rs 400 to Rs 39,500 per kg owing to demand from industrial units and coin makers.
A firm global trend and dollar’s weakness added to the lure of the precious metal. Globally, gold rose 0.23 per cent to $ 1,252.17 an ounce and silver by 0.46 per cent to $16.88 an ounce in Singapore today.
Besides, continuous buying by local jewellers at the domestic spot market supported the uptrend.
In the national capital, gold of 99.9 per cent and 99.5 per cent purity rose further Rs 50 each to Rs 29,300 and Rs 29,150 per 10 grams, respectively. The precious metal had gained Rs 150 in the last two days.
Sovereign, however, remained steady at Rs 24,400 per piece of eight grams.
Silver ready also shot up by Rs 400 to Rs 39,500 per kg and weekly-based delivery traded higher by Rs 140 to Rs 38,875 per kg. On the other hand, silver coins maintained a steady trend at Rs 72,000 for buying and Rs 73,000 for selling of 100 pieces.