Gold surged for the third straight day to gain Rs 325 per 10 grams at the bullion market here today on positive cues from global markets and increased seasonal buying by jewellers.
Silver also jumped by Rs 785 per kg on increased offtake by industrial units.
Standard gold (99.5 purity) spurted by Rs 325 to conclude at Rs 29,820 per 10 grams from Thursday's closing level of Rs 29,495.
Pure gold (99.9 purity) also gained by a similar margin to end at Rs 29,970 per 10 grams against Rs 29,645 earlier.
Silver (.999 fineness) rose by Rs 785 per kg to finish at Rs 41,875 from Rs 41,090 yesterday.
Globally, the yellow metal hit a seven-week peak on Friday and silver its highest since January last year as the Bank of Japan's decision to hold off expanding monetary stimulus weighed on stock markets and the dollar.
Spot gold was up 0.7 percent at USD 1,274.52 an ounce in early European trade, having earlier peaked at USD 1,280.60 an ounce. US gold futures for June delivery were up USD 10.70 an ounce at USD 1,277.10.
Silver was up 1.4 percent at USD 17.77 an ounce.
