Gold glitters on Akshaya Tritiya; silver dull

Surging for the second day, gold prices shot up by Rs 120 per 10 grams at the bullion market here today, mainly on account of purchases for 'Akshaya Tritiya'.
Silver, however, succumbed to fresh bouts of selling from speculative traders.
Standard gold (99.5 purity) firmed up by Rs 120 to end at Rs 28,925 per 10 grams from Thursday's close of Rs 28,805.
Pure gold (99.9 purity) also edged up by a similar margin to settle at Rs 29,075 per 10 grams against Rs 28,955 earlier.
Silver (.999 fineness) fell by Rs 70 per kg to finish at Rs 40,610 as compared to Rs 40,680 yesterday.

Globally, gold firmed up as forecast-beating euro zone inflation boosted the euro against the dollar, while global stock markets retreated from Wednesday's record highs as concerns about global trade subdued appetite for cyclical assets.
Spot gold was up 0.2 per cent at USD 1,266.11 an ounce at early trade. Spot gold was down 1.4 per cent from last Friday's level, its biggest weekly loss since early March.
Among other precious metals, silver was up 0.8 per cent at USD 17.36 an ounce.