New Delhi: Riding on a firm global trend and strong demand from domestic jewellers, gold prices shot up by Rs 540, topping the 29,000 mark again, to close at Rs 29,290 per 10 grams.
- Silver also shot up by Rs 375 to Rs 37,475 per kg on increased offtake by industrial units and coin makers.
- At the bullion market here, gold of 99.9 and 99.5 percent purity zoomed by Rs 540 each to Rs 29,290 and Rs 29,140 per ten gram respectively - a level last seen on February 13, when it had touched the multi-month high.
- Sovereign too rose in sympathy with gold and traded Rs 100 higher at Rs 23,000 per piece of eight gram.
- Gold prices again crossed Rs 29,000 per 10 gram level largely in tune with firming trends overseas and wedding season buying by jewellers as well as retailers, bullion traders said.
- Globally, gold climbed 1.85 percent to USD 1,230.70 an ounce and silver by 0.75 percent to USD 15.38 an ounce in New York in yesterday's trade.
- Following gold, silver ready also spurted by Rs 375 to Rs 37,475 per kg and weekly-based delivery by Rs 415 to Rs 37,510 per kg.
- On the other hand, silver coins were unaltered at Rs 54,000 for buying and Rs 55,000 for selling of 100 pieces.
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