Gold prices on Thurday rose by Rs 110 to Rs 19,850 per ten gram in the bullion market here on fresh buying by retailers and jewellers amid a firming trend in global markets.
Silver, however, held steady in restricted trade and traded at Rs 37,600 per kg.
Trading sentiment turned better as retail customers entered the market to make token purchases for the Diwali festival on Friday and jewellers buying to meet the ensuing marriage season demand.
The prices further bolstered on reports the gold rising in global markets, which normally set prices on the domestic front, as the dollar fell to near nine-month low after the US Fed said it will purchase more government debt.
The gold in the Asian region added 0.7 per cent to 1,357.45 dollar an ounce and is up 23 per cent this year.
In the domestic market, the gold of 99.9 and 99.5 per cent purity rose by Rs 110 each to Rs 19,850 and Rs 19,750 per ten gram. The metal had lost Rs 260 in the last two trading session.
Sovereign continued to trade in a tight range in restricted buying and maintained around previous level of Rs 15,950 per piece of eight gram.
Silver ready held steady at Rs 37,600 per kg, while silver weekly-based delivery shot up by Rs 240 to Rs 37,240 per kg.
Silver coins were enquired around previous level of Rs 42,900 for buying and Rs 43,000 for selling of 100 pieces.
