Gold maintained an upward trend for the fourth straight day in the bullion market today and rose by Rs. 120 to 20,620 per 10 grams on increased buying by local parties for the ongoing marriage season, while silver rose by Rs. 250 to Rs. 46,100 per kg on industrial demand.
Traders said increased offtake by industrial units and coin makers gave push to silver prices.
On the domestic front, gold of 99.9 and 99.5 per cent purity climbed up by Rs. 120 each to Rs. 20,620 and Rs. 20,500 per 10 grams, respectively. The metal had gained Rs. 160 in the previous three sessions. Sovereign rose by Rs. 50 to Rs. 16,900 per piece of eight grams.
Silver ready rose by Rs. 250 to Rs. 46,100 per kg and silver weekly-based delivery by Rs. 30 to Rs. 45,715 per kg.
Silver coins also gained by Rs. 300 to Rs. 50,300 for buying and Rs. 50,400 for selling of 100 pieces.
