Gold prices surged by Rs150 to close at over three-week high of Rs27,100 per 10 grams at the bullion market today on a firming global trend and sustained buying by jewellers to meet seasonal demand.
On the other hand, silver witnessed selling at higher levels and declined by Rs200 to Rs 38,550 per kg.Bullion traders said apart from sustained festive season buying by jewellers, a firming trend in global markets as geo-political tension in Middle-East boosted demand for the precious metal as a safe-haven, helped gold to trade above the Rs 27,000-mark.