Gold prices hit six-year high on festive buzz and firm global cues

Gold prices rose on Thursday by '125 to trade at a six-year high of '32,625 per 10 gram. The prices were buoyed by a pick-up in festive and wedding season demand by local jewellers, amid firm global trends and a weakening rupee.

Silver, however, remained weak, and fell by Rs130 to Rs 39,600 per kg due to slackened demand from industrial units. Silver coins remained unaltered at Rs76,000 for buying and Rs 77,000 for selling of 100 pieces.

According to bullion traders, overseas sentiments were boosted as gold traded at over three-month high amid an easing dollar and slumping equities.