NEW DELHI: Gold prices rose by Rs 200 to Rs 30,370 per ten grams in the national capital on Friday on brisk buying by stockists for the marriage season amid a firm global trend.
Silver prices also jumped by Rs 500 to Rs 45,000 per kg on increased offtake by jewellery fabricators and industrial units. A similar trend was noticed in Mumbai as gold of 99.9 and 99.5 per cent purity recovered Rs 125 each to Rs 30,050 and Rs 29,900 per ten gram, respectively, while silver shot up by Rs 600 to Rs 45,850 per kg.
Traders said brisk buying by stockists for the marriage season amid a firm global trend, where gold jumped to the highest close in nine weeks as the dollar plunged, boosting demand for the precious metal as an alternative investment, mainly supported the uptrend.
Gold in New York, which normally sets price trend on the domestic front, rose by 1.9 per cent to USD 1,262.50 an ounce, the highest since November 19 and silver by 0.9 per cent to USD 20.01 an ounce.
Silver prices also jumped by Rs 500 to Rs 45,000 per kg on increased offtake by jewellery fabricators and industrial units. A similar trend was noticed in Mumbai as gold of 99.9 and 99.5 per cent purity recovered Rs 125 each to Rs 30,050 and Rs 29,900 per ten gram, respectively, while silver shot up by Rs 600 to Rs 45,850 per kg.
Traders said brisk buying by stockists for the marriage season amid a firm global trend, where gold jumped to the highest close in nine weeks as the dollar plunged, boosting demand for the precious metal as an alternative investment, mainly supported the uptrend.
Gold in New York, which normally sets price trend on the domestic front, rose by 1.9 per cent to USD 1,262.50 an ounce, the highest since November 19 and silver by 0.9 per cent to USD 20.01 an ounce.
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