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Gold prices jumped Rs 130 to Rs 32,780 per 10 gram at the bullion market on persistent buying by local jewellers to meet the festive season demand amid a firm trend overseas. Silver, however, was down by Rs 90 at Rs 39,110 per kg due to reduced offtake by industrial units.
Traders said continued buying by local jewellers ahead of “Dhanteras” and “Diwali” festival and positive cues from the global market pushed prices higher. Globally, gold rose 0.82 per cent to $1,225.10 an ounce in Singapore. Silver, too, was trading up by 1.16 per cent at $14.48 an ounce.
In the national capital, gold of 99.9 per cent and 99.5 per cent purity advanced by Rs 130 each to Rs 32,780 and Rs 32,630 per 10 gram, respectively. The yellow metal had gained Rs 100 in the previous two days. Sovereign gold, however, held unchanged at Rs 24,900 per piece of 8 gram.
On the other hand, silver ready continued to show weakness and shed another Rs 90 at Rs 39,110 per kg and silver weekly-based delivery fell by Rs 222 to Rs 38,128 per kg. Silver coins, however, were flat at Rs 76,000 for buying and Rs 77,000 for selling of 100 pieces.
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