Gold prices today spurted by Rs 325 to Rs 28,290 per 10 gram in the bullion market here on brisk buying by stockists amid a firming global trend.
Silver also added Rs 750 to Rs 53,000 per kg on increased offtake by industrial units and coin makers.
The trading sentiment bolstered as gold in global markets advanced to the highest level in a week after better-than-expected economic data from the US and Germany reduced demand for the dollar as a haven investment, market experts said.
Gold in global markets, which normally sets the price trend on the domestic front, gained 0.8% to $1,628.30 an ounce in Singapore, the highest price since December 14.
On the domestic front, gold of 99.9% and 99.5% purity shot up by Rs 325 each to Rs 28,290 and Rs 28,140 per 10 grams, respectively. Sovereigns rose by Rs 100 to Rs 23,300 per piece of eight gram.
In a similar fashion, silver ready jumped up by Rs 750 to Rs 53,000 per kg and weekly-based delivery by Rs 780 to Rs 53,630 per kg. Silver coins surged by Rs 3,000 to Rs 60,000 for buying and Rs 61,000 for selling of 100 pieces.
