New Delhi: Gold prices firmed up by Rs 35 to trade at Rs 27,925 per ten grams at bullion market here on Tuesday sustained buying by stockists.
Silver prices, too, shot up by Rs 575 to Rs 52,725 per kg on increased offtake by industrial units.
Trading sentiment remained firm as gold climbed to one-month high in global markets after data showed that China’s economy grew more than forecast in the fourth quarter, hurting the dollar.
The dollar-priced gold in overseas markets, which normally set price trend on the domestic front, rose by 1.5 percent to 1,667.90 dollar an ounce, the highest since December 13.
On the domestic front, silver ready spurted by Rs 575 to Rs 52,725 per kg and weekly-based delivery by Rs 350 to Rs 52,600 per kg, while silver coins remained steady at Rs 58,000 for buying and Rs 59,000 for selling of 100 pieces. The metal had gained Rs 150 in the previous session.
Gold of 99.9 and 99.5 percent purity advanced by Rs 35 each to Rs 27,925 and Rs 27,785 per ten grams respectively. It had gained Rs 50 on Monday.
Sovereign remained flat at Rs 23,300 per piece of eight gram in restricted in limited deals.