Gold prices surged by Rs 375 to Rs 17,845 per ten grams to revisit a five-month high at the bullion market here today on frenzied buying by stockists and speculators sparked by an overnight rally in global markets.
Silver also firmed up further on good demand from industrial users.
Standard gold (99.5 purity) hardened further by Rs 375 per ten grams to close at Rs 17,845, a level not seen since December 5, 2009, from Thursday's closing level of Rs 17,470.
Pure gold (99.9 purity) shot up by a similar margin to close at Rs 17,930, against Rs 17,555 yesterday.
Silver ready (.999 fineness) rose by Rs 135 per kilo to end at Rs 28,400 from Rs 28,265 previously.
In New York, gold futures for June delivery jumped USD 22.30, or 1.9 per cent, to $1,197.30 an ounce on the Comex division of the Nymex.
