Gold rises on firm demand

Gold prices rose at the domestic bullion market here today on sustained wave of buying interest from stockists as well as robust festive season.
Elsewhere, silver continued its momentum for the second straight session on the back of heavy speculative demand coupled with strong industrial buying support.
Standard gold (99.5 purity) climbed by Rs 410 to end at Rs 25,550 per 10 grams from overnight closing level of Rs 25,140.
Pure gold (99.9 purity) also rose by a similar margin to settle at Rs 25,700 per 10 grams from Rs 25,290 earlier.
Silver (.999 fineness) spurted by Rs 780 to conclude at Rs 35,380 per kg as against Rs 34,600.

Globally, gold retreated from a three-week high after the dollar was lifted by upbeat US jobs data from Friday that reinforced the view that Federal Reserve will raise interest rates next week.
Spot gold was down 0.3 per cent at USD 1,083.06 an ounce at early trade, while, silver was down 0.1 per cent at USD 14.53 an ounce.