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Both the precious metals, gold and silver, surged today on brisk buying by stockists on a firm global trend. While gold jumped up by Rs 220 to Rs 21,270 per 10 grams, silver spurted by Rs 1,250 to Rs 54,200 per kg.
Trading sentiments turned bullish as the precious metals climbed in the global markets, after allied aircrafts began to enforce a no-fly zone over Libya, driving energy prices up and boosting the demand for precious metals as a safe haven.
In the global markets, gold advanced by 0.8 per cent to $1,429.63 an ounce and silver by 2 per cent to $35.95 an ounce.
At the domestic front, gold of 99.9 and 99.5 per cent purity climbed by Rs 220 each to Rs 21,270 and Rs 21,150 per 10 grams, respectively. Sovereigns, too, jumped by Rs 100 to Rs 17,500 per piece of eight grams.
Similarly, silver ready surged by Rs 1,250 to Rs 54,200 per kg and weekly-based delivery by Rs 1,175 to Rs 53,850 per kg. Silver coins followed suit and spurted by Rs 1,600 to Rs 58,900 for buying and Rs 59,400 for selling of 100 pieces.
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