Gold Gains on Demand From Jewellers; Silver Declines

New Delhi: Gold prices rose by Rs 110 to Rs 27,210 per 10 grams at the bullion market in the national capital today on scattered demand from jewellers and retailers even as the metal weakened overseas.

However, silver shed Rs 50 at Rs 37,250 per kg owing to reduced offtake by industrial units.

Traders said increased demand from jewellers and retailers to meet wedding season demand helped gold prices to rise but a weak trend overseas as the dollar's strength curbed demand for the precious metal, capped the gain.

Gold in Singapore, which normally sets price trend on the domestic front, lost 0.3 per cent to $1,192.55 an ounce.

In Delhi, gold of 99.9 and 99.5 per cent purity gained Rs 110 each to Rs 27,210 and Rs 27,010 per ten gram, respectively.

Sovereign continued to be traded at last level of Rs 23,700 per piece of eight grams.

On the other hand, silver ready fell by Rs 50 to Rs 37,250 per kg and weekly-based delivery by Rs 200 to Rs 37,250 per kg.

Silver coins, however, spurted by Rs 1,000 to Rs 60,000 for buying and Rs 61,000 for selling of 100 pieces.