Gold, silver extend gains on global cues, jewellers' buying

Rising for the third straight day, price of gold surged by Rs 45 per 10 gram at the bullion market today in line with a firming trend overseas and increased buying by local jewellers.

Silver also advanced by Rs 125 per kg on pick-up in demand from industrial units.

Standard gold (99.5 purity) climbed by Rs 45 to end at Rs 28,880 per 10 gram as compared to last Friday's closing level of Rs 28,835.

Pure gold (99.9 purity) also rose by a similar margin to finish at Rs 29,030 per 10 gram as against Rs 28,985.

Silver (.999 fineness) advanced by Rs 125 to close at Rs 40,360 as compared to Rs 40,235 previously.

Globally, gold held near its highest in a month in thin holiday trade, with a softer dollar and a retreat in stock markets helping the metal cling on to the previous session's gains.

Spot gold was up 0.1 per cent at USD 1,267.74 an ounce at early trade.

In other precious metals, silver was up 0.1 per cent at USD 17.36 an ounce, having touched a one-month high of USD 17.39.

(This article has not been edited by DNA's editorial team and is auto-generated from an agency feed.)