- Silver also shot up by Rs 400 to Rs 34,400 per kg on increased off-take by industrial units and coin makers.
- Moreover, a weaker rupee that breached the 68-mark for the first time since September 4, 2013, to trade at 68.07, by plunging 42 paise against the dollar, supported the precious metals as it would make imports costlier.
- Gold in Singapore, which mostly determines the price trend in the domestic market, advanced 0.7 percent to USD 1,095.07 an ounce.
- In the national capital, gold of 99.9 and 99.5 per cent purity spurted by Rs 340 each to Rs 26,690 and Rs 26,540 per ten grams respectively, a level last seen on November 3.
- The yellow metal had lost Rs 200 in the previous two days.
- Sovereign gold followed suit and edged higher by Rs 100 to Rs 22,400 per piece of eight grams.
- Tracking gold, silver ready also surged by Rs 400 to Rs 34,400 per kg and weekly-based delivery by Rs 315 to Rs 34,360 per kg.
- On the other hand, silver coins held steady at Rs 49,000 for buying and Rs 50,000 for selling of 100 pieces.
Latest News from Business News Desk