Mumbai:- Gold prices advanced further at the domestic bullion market here on good local buying support as well as wedding seasonal demand amid bullish global cues.
Silver also surged on the back of consistent speculative appetite coupled with robust industrial demand.
Standard gold (99.5 purity) climbed by Rs 185 to end at Rs 27,630 per 10 grams from last Saturday’s closing level of Rs 27,445.
Pure gold (99.9 purity) also gained up by a similar margin to close at Rs 27,780 per 10 grams from Rs 27,595.
Silver (.999 fineness) rose by Rs 460 to finish at Rs 40,640 per kg as against Rs 40,180 last weekend.
On the global front, gold hit three-month high in early trade, rising for the fifth session, as a run of soft US data supported expectations that the Federal Reserve will hold off hiking interest rates for the time being.
Spot gold was up at USD 1,226.82 an ounce in late morning trade and silver was also up at USD 17.60 an ounce.
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