Gold gains on increased buying, global cues

Gold rose for the third straight session by adding Rs 70 to Rs 30,570 per 10 gram in the national capital Monday on increased buying by stockists to meet the ongoing marriage season demand amid a firming global trend.

Silver also moved up by Rs 75 to Rs 45,075 per kg on increased offtake by industrial units.

In Mumbai, gold of 99.9 and 99.5 per cent purity traded at Rs 30,300 and Rs 30,150 per ten gram, respectively, while silver enquired at Rs 45,800 per kg.

Traders said increased buying by stockists to meet the ongoing marriage season demand amid a firming global trend mainly helped gold prices to gain for the third day.