Both gold and silver rose in the bullion market here on Tuesday on increased buying by stockists and jewellery makers for the marriage season amid a firming global trend.
While gold added Rs 255 to Rs 27,895 per 10 grams, silver moved up by Rs 200 to Rs 51,600 per kg on increased offtake.
Traders said sentiment bolstered after gold climbed in global markets on concerns that geopolitical risks in the Middle East may increase after Iran made progress on a nuclear programme, increasing demand for the metal as a safe haven.
In Singapore, gold rose by 1.4 per cent to $1,587.60 an ounce.
Besides, increased buying by stockists and jewellers for the marriage season further fuelled the uptrend in the precious metals.
On the domestic front, gold of 99.9 and 99.5 per cent purity surged by Rs 255 each to Rs 27,895 and Rs 27,755 per 10 grams.
Sovereigns remained steady at Rs 23,300 per piece of eight grams.
Similarly, silver ready rose by Rs 200 to Rs 51,600 and weekly-based delivery by Rs 700 to Rs 52,000 per kg.
Silver coins held steady at Rs 57,000 for buying and Rs 58,000 for selling of 100 pieces on restricted buying at prevailing higher levels.
