Gold rose by ₹50 to ₹31,660 per 10 gram at the bullion market on Wednesday in tandem with a firming trend overseas amid persistent buying by local jewellers.
Silver too surged by ₹300 to ₹38,000 per kg on increased offtake by industrial units and coin makers.
Traders said gold edged up on the back of firm trend overseas as the dollar weakened despite another round of tit-for-tat tariffs in the China-US trade dispute.
Besides, increased buying by local jewellers to meet the ongoing festive season demand at the domestic spot market, supported the upside, they said.
Globally, gold rallied 0.40% to USD 1,202.70 an ounce and silver by 0.42% to USD 14.17 an ounce in Singapore.
In the national capital, gold of 99.9% and 99.5% purity rose by ₹50 each to ₹31,660 and ₹31,510 per 10 gram, respectively.
Sovereign, however, remained flat at ₹24,500 per piece of eight gram.
In similar fashion, silver ready strengthened by ₹300 to ₹38,000 per kg and weekly-based delivery by ₹170 to ₹37,475 per kg.
Silver coins, however, remained unaltered at ₹72,000 for buying and ₹73,000 for selling of 100 pieces.
