Gold remains up on global cues, jewellers' buying

Globally, gold rose 0.24% to $1,227.70 an ounce

Gold maintained its upward trend for the second day on Saturday, gaining another Rs 25 at Rs 28,575 per 10 grams on positive global cues and sustained buying by local jewellers at the bullion market here.
 
Silver followed suit and gained another Rs 200 to Rs 38,600 per kg on increased offtake by industrial units and coin makers.
 
Traders said that besides a firm trend overseas, sustained buying by local jewellers mainly kept gold prices higher.
 
Globally, gold rose 0.24 per cent to $1,227.70 an ounce and silver moved up 0.83 per cent to $16.44 an ounce