Gold prices extended gains for the second day on Friday by adding Rs. 25 to Rs. 19,000 per 10 grams in the bullion market here on sustained buying by traders.

Silver shot up by Rs. 200 to Rs. 29,800 per kg.

The precious metal gained after its prices rose in the overseas markets, which normally set price trend on the domestic front. In global markets, investors indulged in buying the metal after growing concerns that the economic recovery is not as strong as expected.

Standard gold of 99.9 purity and 99.5 purity rose further by Rs. 25 each to Rs. 19,000 and Rs. 18,900 per ten grams respectively. They had gained Rs. 75 in the previous trading session.

Sovereign also traded higher by the same margin at Rs. 14,700 per piece of eight gram.

In line with the general firming trend, silver ready rose by Rs. 200 to Rs. 29,800 per kg and weekly-based delivery by Rs. 300 to Rs. 29,520 per kg.

Silver coins also went up by Rs. 100 to Rs. 34,600 for buying and Rs. 34,700 for selling of 100 pieces.

Keywords: bullion report

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