Gold prices rose by Rs100 to Rs27,100 per ten gram at the bullion market in the national capital on Saturday on increased buying by jewellers to meet wedding season demand amid a firm global trend.
Silver also gained Rs 300 to Rs37,300 per kg on increased offtake by industrial units and coin makers.Traders said increased buying by jewellers and retailers to meet wedding season demand amid a firming global trend, mainly buoyed the sentiment here.Globally, gold in New York, which normally sets price trend on the domestic front, climbed 1.9 per cent to $1,195.30 an ounce, the biggest gain since December 9 in yesterday's trade. Silver also rose 2.8 per cent to $ 16.14 an ounce.
In Delhi, gold of 99.9 and 99.5 per cent purity rose byRs100 each to Rs 27,100 and Rs 26,900 per ten gram respectively. Sovereign, however, held steady at Rs23,700 per piece of eight gram in scattered deals.