Gold prices on Wednesday advanced further by Rs 20 at Rs 13,110 per ten gram in the bullion market here on sustained buying influenced by firming overseas trend.
Marketmen said the precious metal, which normally moves in line with the global trend, received a boost on firming overseas bullion markets.
While, the demand for silver was up from jewel-lers and gift items manufacturers to meet demand for Christmas and New Year celebrations.
Buying activity also picked up following reports of the precious metal in global markets surging for the seventh straight day in the US last night to trade at 859.95 dollar an ounce, the most since Oct 13.
Silver also rose above 11.20 dollar an ounce.
Standard gold and ornaments rose by Rs 20 each at Rs 13,110 and Rs 12,960 per ten gram respectively. Sovereign was unchanged at Rs 10,550 per piece of eight gram.
Silver ready spurted by Rs 350 at Rs 17,600 per kg and weekly-based delivery by Rs 415 at Rs 17,815 per kg. Silver coins rose by Rs 100 at Rs 26,900 for buying and Rs 27,000 for selling of 100 pieces.