Both gold and silver rose for the second day in a row in the bullion market in New Delhi on Tuesday on sustained buying supported by a firming global trend.
While gold added Rs. 60 to Rs. 30,510 per 10 grams, silver surged by Rs. 650 to Rs. 55,050 per kg.
Silver coins followed suit and surged by Rs. 3,000 to Rs. 68,000 for buying and Rs. 69,000 for selling of 100 pieces.
Marketmen said sustained buying by stockists and investors helped the precious metals to rise. They said a firming trend in the global markets, where gold gained as a weaker dollar increased the metal’s appeal as an alternative investment, also influenced the sentiment.
In London, gold rose 0.3 per cent to $1,624.95 an ounce and silver by 0.4 per cent to $28.90 an ounce.
On the domestic front, gold of 99.9 and 99.5 per cent purity advanced by Rs. 60 each to Rs. 30,510 and Rs. 30,310 per 10 grams, respectively. It had gained Rs. 10 on Monday.
Sovereign held steady at Rs. 24,500 per piece of eight grams.
Silver ready rose by Rs. 650 to Rs. 55,050 per kg and weekly-based delivery by Rs. 780 to Rs. 54,400 per kg.
