Gold prices surged ahead to its highest level in nearly two months at the domestic bullion market here following aggressive buying by jewellery stockists and traders along with good seasonal uptick.
Moving with the general trend, silver also shot up and closed above the Rs 37,000 mark on frantic speculative demand.
Standard gold (99.5 purity) jumped by Rs 200 to finish at Rs 26,885 per 10 grams from Monday's level of Rs 26,685.
Pure gold (99.9 purity) also rose by a similar margin to end at Rs 27,035 per 10 grams compared to Rs 26,835 previously.
Silver (.999 fineness) climbed by Rs 840 to conclude at Rs 37,680 per kilo as against Rs 36,840 yesterday.
In worldwide trade, the shiny-metal zoomed above the key USD 1,200 benchmark on weaker dollar as well as short covering ahead of the Federal Open Market Committee (FOMC) statement on Wednesday.
Spot gold was substantially higher at USD 1,205.70 an ounce in early European trade, while silver quoted at USD 16.53 an ounce.
