Gold, silver extend gains on jewellers buying, global cues

August 31, 2015 14:39

Supported by sustained buying from jewellers and retailers to meet wedding season demand and a firming trend overseas, gold prices rose by Rs 160 to Rs 26,860 per ten grams at the bullion market today.

Silver also advanced by Rs 200 to Rs 35,000 per kg on increased offtake by industrial units and coin makers.

Traders said besides firming trend overseas, sustained buying by jewellers, driven by wedding season demand mainly kept gold and silver prices higher.

Globally, gold traded shade higher at $1,134.12 an ounce in Singapore. In the national capital, gold of 99.9 and 99.5 per cent purity climbed Rs 160 each to Rs 26,860 and Rs 26,710 per ten gram respectively. It had gained Rs 50 on Friday.

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