Silver also strengthened owing to higher speculative as well as industrial demand.
Standard gold of 99.5 per cent purity spiked by Rs 155 to finish at Rs 30,645 per 10 grams from Monday's closing level of Rs 30,490.
Pure gold of 99.9 per cent purity also went up by Rs 160 to close at Rs 30,785 per 10 grams, as compared to Rs 30,625.
Silver ready (.999 fineness) firmed up by Rs 220 per kg to conclude at Rs 58,040 from Rs 57,820 yesterday.
On the global front, gold witnessed a year-end rally on the back of bargain hunting amid optimism over a possible US fiscal deal, extending its 12th straight year of gains.
Gold for February delivery shot up by USD 19.90 to settle at USD 1,675.80 an ounce on the Comex division of the NYMEX late yesterday.
March silver contract gained by 25 cents to USD 30.23 an ounce.
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →
Smart Quarterly
₹900
3 Months
₹300/Month
Smart Essential
₹2,700
1 Year
₹225/Month
Super Saver
₹3,900
2 Years
₹162/Month
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors
Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share
Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor
Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements
Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app