New Delhi: Advancing for a third straight day, gold prices climbed by Rs 45 to Rs 30,935 per 10 grams on Wednesday, on the back of a firm trend overseas and fresh buying by local jewellers.
Silver gained for the fourth day, rising by Rs 130 to Rs 46,900 per kg due to increased offtake by industrial units and coin makers.
According to traders, a firming global trend where gold recovered after recent losses as investors took advantage of a decline and added to their bets explains the upmove.
Globally, gold climbed 0.7 per cent to $1,341.71 an ounce in Singapore.
In the national capital, gold of 99.9 per cent and 99.5 per cent purity traded higher by Rs 45 each to Rs 30,935 and Rs 30,785 per 10 grams, respectively. It had advanced by Rs 190 in the last two days.
Sovereign, too, turned dearer by Rs 100 at Rs 23,500 per 8 grams.
Tracking gold, silver ready rose Rs 130 to Rs 46,900 per kg while weekly-based delivery shed Rs 15 at Rs 47,890 per kg.
Silver coins, however, held steady at Rs 74,000 for buying and Rs 75,000 for selling of 100 pieces.
(This story has not been edited by NDTV staff and is auto-generated from a syndicated feed.)
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