Gold, silver extend gains on rising demand, global cues

Gold maintained its rising trend for the second straight session at the domestic bullion market here today due to consistent buying support from jewellers and retail consumers amid positive global cues.
Silver too attracted increased buying support from industrial units and surged by Rs 325 per kg.
Standard gold (99.5 purity) rose by Rs 140 to end at Rs 31,235 per 10 grams against Monday's closing level of Rs 31,095.
Pure gold (99.9 purity) also added a similar margin to settle at Rs 31,385 per 10 grams from Rs 31,245 earlier.
Silver (.999 fineness) surged by Rs 325 to finish at Rs 48,510 per kg against Rs 48,185 yesterday.

Globally, gold rose while European shares fell 1 per cent and the dollar hit its lowest in over a month versus the euro, after last week's soft US growth data dented expectations of a near-term interest rate hike.
Spot gold was up 0.5 per cent at USD 1,359.17 an ounce in early trade, while US gold futures for December delivery was up USD 6.30 an ounce at USD 1,365.90.
Among other precious metals, silver was up 1.2 per cent at USD 20.65.