ALSO READGold prices regain sheen on global cues, silver tops Rs 40,000 level Gold glitters on global cues, wedding season buying by jewellers, retailers Gold sheds Rs 150 to Rs 30,250 per 10 gm on weak global cues, tepid demand Gold plunges by Rs 600 to below Rs 31,000 level on weak global cues Gold falls by Rs 70 to Rs 31,750 per 10 grams on global cues, muted demand
Gold soared by Rs 300 to trade at Rs 32,150 per ten gram at the bullion market on Thursday on positive global cues amid continued buying by local jewellers
Silver also reclaimed the Rs 40,000-level per kg by gaining Rs 240, backed by an increased offtake by industrial units and coin makers.
Besides, a depreciated rupee against the dollar made imports of the metal costlier, thus fuelling the uptrend, experts said.
In the national capital, gold of 99.9 per cent and 99.5 per cent purity climbed by Rs 300 each to Rs 32,150 and Rs 32,000 per ten gram, respectively. The precious metal had gained Rs 500 in the previous four sessions.
Sovereign also edged up by Rs 100 to Rs 24,900 per piece of eight grams.
In line with gold, silver ready rose further by Rs 240 to Rs 40,000 per kg and weekly-based delivery rose by Rs 225 to Rs 39,000 per kg.
Silver coins too spurted by Rs 1,000 to Rs 75,000 for buying and Rs 76,000 for selling of 100 pieces.