New Delhi: Gold prices on Saturday jumped by Rs 325 to Rs
30,775 per 10 grams at the bullion market on the back of wedding season
demand and strong global cues.
Silver also recaptured the Rs 41,000-mark by recovering Rs 600 to Rs
41,150 per kg on increased off-take by industrial units and coin-makers.
Traders said brisk buying by local jewellers to meet ongoing wedding season demand lifted the gold prices. Moreover, a firm trend in global markets amid a weak dollar boosted the sentiment.
Globally, gold rose by 0.04 per cent to SGD 1,755.62 per ounce in
Singapore, while in New York the metal climbed 1.18 per cent to USD
1,293.40 an ounce and silver by 1.32 per cent to Rs 17.28 an ounce.
In the national capital, gold of 99.9 per cent and 99.5 per cent purity zoomed by Rs 325 each to Rs 30,775 and Rs 30,625 per 10 grams respectively. The precious metal had lost Rs 175 in last two days.
