New Delhi: Growing for the second straight day, gold inched up by Rs 5 to Rs 25,175/10gm at the bullion market on Saturday in tandem with a firming global trend amid sustained buying by jewelers.
Silver followed suit and gained Rs 170 to Rs 34,300/kg on increased off take by industrial units and coin makers.
Gold & Silver traders said besides a firming global trend, increased buying by jewelers mainly kept gold and silver prices higher.
Globally, gold rose 0.3% to USD 1,093.80 an ounce in New York in yesterday's trade.
In the national capital, gold of 99.9 and 99.5% purity inched up by Rs 5 each to Rs 25,175 and Rs 25,025/10gm, subsequently. It had rallied by Rs 190 yesterday.
Sovereign, however, held steady at Rs 22,200/piece of eight grams in limited deals.
In line with overall trend, silver ready advanced by Rs 170 to Rs 34,300/kg and weekly-based delivery by Rs 395 to Rs 34,030/kg.
Meanwhile, silver coins continued to be traded at previous level of Rs 48,000 for buying and Rs 49,000 for selling of 100 pieces.
Silver followed suit and gained Rs 170 to Rs 34,300/kg on increased off take by industrial units and coin makers.
Gold & Silver traders said besides a firming global trend, increased buying by jewelers mainly kept gold and silver prices higher.
Globally, gold rose 0.3% to USD 1,093.80 an ounce in New York in yesterday's trade.
In the national capital, gold of 99.9 and 99.5% purity inched up by Rs 5 each to Rs 25,175 and Rs 25,025/10gm, subsequently. It had rallied by Rs 190 yesterday.
Sovereign, however, held steady at Rs 22,200/piece of eight grams in limited deals.
In line with overall trend, silver ready advanced by Rs 170 to Rs 34,300/kg and weekly-based delivery by Rs 395 to Rs 34,030/kg.
Meanwhile, silver coins continued to be traded at previous level of Rs 48,000 for buying and Rs 49,000 for selling of 100 pieces.
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