Silver prices surged by Rs. 500 to Rs. 45,300 per kg on Monday, while gold rose by Rs. 90 to Rs. 20,820 per 10 grams on fresh buying by stockists and jewellery makers, amid firm trends in Asian regions.
Silver ready surged by Rs. 500 to Rs. 45,300 per kg and weekly-based delivery by Rs. 300 to Rs. 44,630 per kg on increased offtake by industrial units and coin manufacturers.
Gold gained 0.5 per cent in Singapore to USD 1,382.38 an ounce and silver by 0.2 per cent to USD 29.22 an ounce.
On the domestic front, gold of 99.9 and 99.5 per cent purity shot up by Rs. 90 each to Rs. 20,820 and Rs. 20,700 per 10 grams, respectively.
Sovereign followed suit and traded higher by Rs. 50 to Rs. 16,800 per piece of eight grams.
Silver coins also spurted by Rs. 500 to Rs. 49,500 for buying and Rs. 49,600 for selling of 100 pieces on account of the ongoing marriage season demand.