Gold prices resumed sharply higher by Rs 210 per 10 grams to Rs 15,395 on the bullion market here today on persistent stockists buying following overnight rally in New York.
Silver also shot up in line with gold prices coupled with firm trend in overseas market.
Gold futures rallied more than four per cent to near USD 960 an ounce in New York, as the Federal Reserve's plans to purchase as much as $1.15 trillion in US bonds and mortgage-backed securities sparked worries of inflation ahead, rising gold's appeal as a hedge against rising prices.
Gold for April delivery surged by $68.70 to $958.80 an ounce on the Comex division of the New York Mercantile Exchange. Silver for May delivery jumped to end at $13.52 an ounce.
In the domestic market, Standard gold (99.5 purity) rose by Rs 210 per ten grams to open at Rs 15,395 as against Rs 15,185 yesterday and pure gold (99.9 purity) also hardened by Rs 215 per ten grams to Rs 15,460 from Rs 15,245.
Silver ready (.999 fineness) strengthened by Rs 720 per kilo to Rs 22,500 from Rs 21,780.
