Gold continues uptrend, silver at Rs 39,000/kg on global cues

Riding high on firm global trends and increased buying by local jewellers, gold rose for the fourth straight day as prices climbed by another Rs 185 to Rs 30,275 per 10 grams at the bullion market here today.
Silver rescaled the Rs 39,000-mark by jumping Rs 385 to Rs 39,145 per kg on increased offtake by industrial units.
Standard gold (99.5 purity) gained by Rs 185 to end at Rs 30,275 per 10 grams as against yesterday's closing level of Rs 30,090.
Pure gold (99.9 purity) also rallied by a similar margin to conclude at Rs 30,425 per 10 grams as against Rs 30,240 previously.

Silver (.999 fineness) spurted by Rs 385 to finish at Rs 39,145 compared with Rs 38,760 yesterday.
Globally, gold prices hit the highest in more than four months after a US official welcomed a weaker dollar and investors sought insurance against uncertainty.
Spot gold was up 0.7 per cent at USD 1,350.43 per ounce at early trade.
In other precious metals, silver gained 1.1 per cent to USD 17.23 per ounce.