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

Gold prices rose for the second straight day today, adding Rs 40 to touch Rs 30,890 per 10 gram at the bullion market here, tracking a firm global trend amid persistent buying by jewellers at the domestic spot market.
Silver too maintained the rising streak and gained Rs 40 at Rs 46,770 per kg due to increased offtake from industrial units.
Marketmen said that besides firming trend overseas, increased buying by jewellers at domestic spot markets mainly kept precious metals higher.
Globally, gold rose by 0.12 per cent to USD 1,356.20 an ounce and silver by 0.94 per cent to Rs 20.45 an ounce in Singapore.

In the national capital, gold of 99.9 per cent and 99.5 per cent purity advanced by Rs 40 each to Rs 30,890 and Rs 30,740 per 10 gram respectively. It had gained Rs 150 in yesterday.
Sovereign, however, lacked necessary buying support and eased by Rs 100 to Rs 23,400 per piece of eight grams.
Following gold, silver ready inched up by Rs 40 to Rs 46,770 per kg, while weekly-based delivery fell by Rs 230 to Rs 47,905 per kg.
Silver coins, dropped by Rs 1,000 to Rs 74,000 for buying and Rs 75,000 for selling of 100 pieces.