Free MCX Tips: NEW DELHI: Gold rushed by Rs 310 to trade at over two-week high of Rs 26,850 per ten grams at the bullion market today, tracking a firming trend overseas a midst increased buying by jewelers and retailers, driven by ongoing wedding season need.
Silver also renewed by Rs 225 to Rs 35,400/kg on increased off take by industrial units and coin makers.
Gold investors said apart from a firming trend overseas, increased buying by jewelers to meet wedding season demand, mainly helped bullion to trade higher.
Globally, gold rose 0.5 per cent to USD 1,135.96 an ounce in Singapore, ahead of a speech from Fed Reserve chief Janet Yellen, which will provide more clarity on the bank's plans for an interest rate hike. Silver also rose 0.5% to USD 14.85 an ounce.
In the national capital, gold of 99.9 and 99.5% purity climbed by Rs 310 each to Rs 26,850 and Rs 26,700/ten grams, respectively, a level last seen on September 7.
Sovereign followed suit and gained Rs 100 to Rs 22,400/eight grams.
Tracking gold, silver ready spurted by Rs 225 to Rs 35,400 per kg and weekly-based delivery by Rs 170 to Rs 35,495/kg.
On the other hand, silver coins, however, held steady at Rs 52,000 for buying and Rs 53,000 for selling of 100 pieces.
Silver also renewed by Rs 225 to Rs 35,400/kg on increased off take by industrial units and coin makers.
Gold investors said apart from a firming trend overseas, increased buying by jewelers to meet wedding season demand, mainly helped bullion to trade higher.
Globally, gold rose 0.5 per cent to USD 1,135.96 an ounce in Singapore, ahead of a speech from Fed Reserve chief Janet Yellen, which will provide more clarity on the bank's plans for an interest rate hike. Silver also rose 0.5% to USD 14.85 an ounce.
In the national capital, gold of 99.9 and 99.5% purity climbed by Rs 310 each to Rs 26,850 and Rs 26,700/ten grams, respectively, a level last seen on September 7.
Sovereign followed suit and gained Rs 100 to Rs 22,400/eight grams.
Tracking gold, silver ready spurted by Rs 225 to Rs 35,400 per kg and weekly-based delivery by Rs 170 to Rs 35,495/kg.
On the other hand, silver coins, however, held steady at Rs 52,000 for buying and Rs 53,000 for selling of 100 pieces.
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