Gold prices gained Rs. 25 to Rs. 19,025 per ten grams in the national capital on Monday on fresh buying by traders in tandem with the firming global trend.
The trading sentiment improved after gold advanced for the second straight session in Asia on speculation that demand for the precious metal as an investment would drive prices to record levels.
Marketmen said fresh buying, coupled with a firming global trend, mainly led to the rise in both gold and silver prices.
The price of gold in overseas markets, which normally sets the price trend on the domestic front, gained 0.5 per cent to $1,232.70 an ounce.
Standard gold of 99.9 purity and 99.5 purity rose by Rs. 25 each to Rs. 19,025 and Rs. 18,925 per ten grams respectively.
However, sovereigns lacked the necessary buying support and lost Rs. 50 to Rs. 14,650 per piece of eight grams.
In line with the general firming trend, silver ready rose by Rs. 100 to Rs. 29,650 per kg and weekly-based delivery by Rs. 50 to Rs. 29,235 per kg.
On the other hand, silver coins lost Rs. 100 to Rs. 34,400 for buying and Rs. 34,500 for selling of 100 pieces on sluggish demand.
