Gold prices on Thursday rose by ₹110 per grams to advance the gaining streak for the fourth straight day at the bullion market on increased demand from local jewellers, according to the All India Sarafa Association.
Silver, however, declined by ₹300 to ₹40,200 per kg on subdued demand from industrial units and coin makers.
Gold of 99.9% and 99.5% purities advanced by ₹110 each to ₹33,300 per 10 grams and ₹33,150 per 10 grams, respectively.
Sovereign gold too rose by ₹100 to ₹25,500 per piece of eight grams.
Traders said gold prices firmed up in line with positive global cues. Gold traded higher at USD 1,292.55 an ounce while silver stood at USD 15.57 an ounce in New York. The precious metal firmed up by 0.44% to SGD 1,754 per ounce.
In the previous three days, gold prices went up by ₹315.
Silver ready declined by ₹300 to ₹40,200 per kg, while weekly-based delivery dropped ₹143 to ₹39,690 per kg.
Silver coins, however, held flat at ₹77,000 for buying and ₹78,000 for selling of 100 pieces.
