Gold rallies by ₹250, silver firms up

Gold closed at ₹32,350 per 10 gram; silver gained ₹800 to close at ₹38,500 per kg

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Gold prices climbed by ₹250 on Saturday to close at ₹32,350 per 10 gram at the bullion market here on uptick in demand amid positive global cues.

Silver gained ₹800 to close at ₹38,500 per kg on higher demand from industrial units and coin makers.

A firm trend overseas, where gold spurted on safe-haven buying, boosted the yellow metal’s prices here, traders said.

In the national capital, gold of 99.9% and 99.5% purities rose by ₹250 each to close at ₹32,350 and ₹32,200 per 10 gram, respectively.

Besides, sovereign gold moved up by ₹100 to ₹25,000 per piece of 8 gram.

Globally, gold surged to $1,247.46 an ounce in New York and silver also went up to $14.62 an ounce amid a strengthening dollar.

Silver ready rose by ₹800 to ₹38,500 per kg, while weekly-based delivery gained ₹1094 to ₹38,300 per kg.

In similar fashion, silver coins rose to ₹74,000 for buying and ₹75,000 for selling of 100 pieces.