New Delhi:  The bullion market ended the year on a promising note as both the precious metals, gold and silver, gained on brisk buying by stockists and jewellers, driven by firm global trend.

While gold spurted Rs 230 to Rs 27,640 per 10 grams, silver advanced Rs 850 to Rs 51,150 per kg on increased offtake by industrial units.

Trading sentiment was bolstered by gold's rise in the overseas markets, on speculations that a volatile currency markets might improve demand for the metal as an alternative investment.

Gold in global markets, which normally set the price trend on the domestic front, climbed 1.7 percent to 1,566.80 dollar an ounce and silver by 2.2 percent to 27.91 dollar an ounce in New York.

In addition, fresh buying by retailers and jewellers for the coming marriage season also supported the uptrend.

On the domestic front, gold of 99.9 and 99.5 percent purity surged by Rs 230 each to Rs 27,640 and Rs 27,500 per ten grams respectively, while sovereign held steady at Rs 23,300 per piece of eight gram in restricted deals.

In a similar fashion, silver ready spurted further by Rs 850 to Rs 51,150 per kg and weekly-based delivery by Rs 450 to Rs 51,150 per kg. The metal had gained Rs 1,200 on Friday.

Silver coins also climbed Rs 1,000 to Rs 58,000 for buying and Rs 59,000 for selling of 100 pieces.

(Agencies)