Gold prices rallied at the bullion market here on Wednesday on sustained demand from stockists and investors amidst good jewellery offtake.
Silver also strengthened on heavy speculative buying on the back of firm industrial support.
Standard gold of 99.5 per cent climbed up by Rs 260 to end at Rs 28,290 per 10 grams from Tuesday’s closing level of Rs 28,030.
Pure gold of 99.9 per cent purity also gained by a similar margin to finish at Rs 28,420 per 10 grams as against Rs 28,160 yesterday.
Silver ready (.999 fineness) rose by Rs 475 per kg to close at Rs 56,995 from Rs 56,520 previously.
In New York, gold spurted on agreement over second Greece bail-out package.
Gold for April delivery soared $32.60 to $1,758.50 an ounce on the Comex division of the NYMEX late yesterday.
March silver contract added $1.21 to $34.43 an ounce.
Keywords: gold prices, silver prices, speculative demand, jewellery offtake,