Gold prices surged by Rs 90 to Rs 33,070 per ten grams in the national capital on Wednesday on the back of buying in the strengthening of overseas jewelry and buying by local jewelers.
According to information gathered from the All India Sarafa Association, silver also increased by Rs 715 to Rs 38,725 per kilo in Delhi due to the rise in industrial units and coin makers.
Market-sourced said that persistence of yellow metal in the domestic market has remained strong due to the upward movement of gold to over $ 1,300 in overseas markets. In New York, gold prices climbed to $ 1,305 an ounce, while silver remained steady at $ 15.31 an ounce lower on the previous close. Gold fell by Rs 235 on Tuesday.
In the Delhi bullion market, gold rose 99.9 percent and 99.5 percent purity by Rs 90-90 to Rs 33,070 and Rs 32,900 per ten gram respectively. Guinea of eight grams remained unchanged at Rs 26,400 per unit.
Silver coins advanced by Rs 715 to Rs 38,725 per kg and silver weekly-based delivery went up by Rs 87 to Rs 37,743 per kilogram. Silver coins also supported the uptrend in good demand, up by Rs 1,000 to Rs 80,000 for buying and Rs 81,000 for selling.
