Gold prices extended gains for the second day today by adding Rs 25 to Rs 19,000 per 10 grams in the bullion market here on sustained buying by traders.
Silver shot up by Rs 250 to Rs 29,800 per kg.
The precious metal gained after its prices rose in the overseas markets, which normally set price trend on the domestic front. In global markets, investors indulged in buying the metal after growing concerns that the economic recovery is not as strong as expected.
Standard gold of 99.9 purity and 99.5 purity rose further by Rs 25 each to Rs 19,000 and Rs 18,900 per ten grams respectively. They had gained Rs 75 in the previous trading session.
Sovereign also traded higher by the same margin at Rs 14,700 per piece of eight gram.
In line with the general firming trend, silver ready rose by Rs 250 to Rs 29,800 per kg and weekly-based delivery by Rs 300 to Rs 29,520 per kg.
Silver coins also went up by Rs 100 to Rs 34,600 for buying and Rs 34,700 for selling of 100 pieces.
