Gold prices surged by ₹350 to ₹33,650 per 10 gram on Monday as buying by local jewellers gathered steam to meet wedding season demand, according to All India Sarafa Association.
Silver too shone by gaining ₹850 to ₹40,900 per kg on increased offtake by industrial units and coin makers.
As per bullion traders, gold firmed up on increased buying by jewellers to meet the ongoing wedding season demand.
Besides, gold prices crossing $1,300 an ounce overseas influenced the sentiment in the domestic market, they said.
Bullion market was closed on Saturday on account of Republic Day.
Globally, gold rose to $1,301.82 an ounce and silver traded higher at $15.77 an ounce in New York.
In the national capital, gold of 99.9% and 99.5% purities climbed ₹350 each to ₹33,650 and ₹33,500 per 10 gram, respectively.
Sovereign gold advanced by ₹200 to ₹25,700 per piece of eight gram.
Silver ready rose by ₹850 to ₹40,900 per kg and weekly-based delivery by ₹954 to ₹39,990 per kg.
Silver coins, too, were in good demand and traded higher by ₹1,000 at ₹78,000 for buying and ₹79,000 for selling of 100 pieces, respectively.
