New Delhi, Nov 14 (PTI) Gold prices rose by Rs 25 to Rs30,550 per ten grams at the bullion market today on continuedbuying by local jewellers, triggered by the ongoing weddingseason.
However, a weak trend in global market, capped the gains.
Silver followed suit and strengthened by Rs 180 to Rs40,730 per kg due to increased offtake by industrial units andcoin makers.
Bullion traders said increased buying by local jewellersto meet the ongoing wedding season demand at domestic spotmarket, mainly kept gold prices higher but a weak trend in theprecious metals overseas, restricted the gains.
Globally, gold fell 0.49 per cent to USD 1,271.70 anounce and silver by 0.82 per cent to USD 16.90 an ounce inSingapore.
In the national capital, gold of 99.9 per cent and 99.5per cent purity advanced by Rs 25 each to Rs 30,550 and Rs30,400 per ten grams, respectively. The precious metal hadgained Rs 75 yesterday.
Sovereign, however, remained flat at Rs 24,700 per pieceof eight grams.
Tracking gold, silver ready rose further by Rs 180 toRs 40,730 per kg and weekly-based delivery by Rs 170 toRs 39,800 per kg.
Silver coins remained unaltered at Rs 74,000 for buyingand Rs 75,000 for selling of 100 pieces. PTI SUN KPSSBT.
This is unedited, unformatted feed from the Press Trust of India wire.