Continuing its rising streak for the third straight day, gold prices rose by another Rs. 40 to trade at Rs. 27,120 per ten grams at the bullion market today on continued buying by jewellers to meet wedding season demand amidst firming trend overseas.
Silver also gained Rs. 100 at Rs. 37,000 per kg on increased offtake by industrial units and coin makers.
Marketmen said sustained buying by jewellers to meet marriage season demand amid a firming global trend mainly boosted the sentiment here.
Gold in Singapore, which normally sets price trend on the domestic front, rose by 0.2 per cent to $1,209.65 an ounce and silver by 0.5 per cent to $16.54 an ounce.
In the national capital, gold of 99.9 and 99.5 per cent purity advanced by Rs. 40 each to Rs. 27,120 and Rs. 26,970 per ten gram respectively. It had gained Rs. 330 in the previous two sessions.
Sovereign, however, held steady at Rs. 23,700 per piece of eight gram in restricted buying.
Following gold, silver ready rose by Rs. 100 to Rs. 37,000 per kg, while weekly-based delivery shed Rs. 10 at Rs. 36,700 per kg.
Silver coins spurted by Rs. 1,000 to Rs. 56,000 for buying and Rs. 57,000 for selling of 100 pieces.
