Continuing its rising streak for the third day, gold gained Rs. 150 to Rs. 30,590 per ten grams in the national capital on Thursday on sustained buying by stockists and jewellery fabricators amid a firming global trend.
However, silver fell by Rs. 120 to Rs. 43,180 per kg on reduced off-take by industrial units.
Traders said sustained buying by stockists and jewellery fabricators for the ongoing marriage season mainly led to an upward trend in gold prices.
They said firming global trend as escalating tension in Ukraine and US economic data missing estimates spurred demand also boosting the sentiment.
Gold in Singapore, which normally sets price trend on the domestic front, rose by 0.3 per cent to USD 1,287.25 an ounce.
On the domestic front, gold of 99.9 and 99.5 per cent purity added Rs. 150 each to Rs. 30,590 and Rs. 30,390 per ten grams, respectively. It had gained Rs. 400 in last two trades.
Sovereign followed suit and rose by Rs. 100 to Rs. 25,000 per piece of eight grams.
On the other hand, silver ready declined by Rs. 120 to Rs. 43,180 per kg while weekly-based delivery traded marginally up by Rs. 5 to Rs. 43,480 per kg.
Silver coins spurted by Rs. 2,000 to Rs. 82,000 for buying and Rs. 83,000 for selling of 100 pieces.
