Gold surges to ₹33,100 on jewellers’ buying

Gold prices on Monday went up by ₹225 to ₹33,100 per 10 gram at the bullion market in the national capital on the back of positive trend overseas and a surge in demand from local jewellers, according to the All India Sarafa Association.

Silver, too, followed the gold prices and gained ₹250 to ₹40,100 per kg on increased demand from industrial units and coin makers.

Traders said firm trend overseas and support from local jewellers amid a weaker rupee led to boost in the prices of yellow metal.

Globally, gold traded higher at $1,290.22 an ounce and silver rose to $15.73 an ounce in New York.

In the national capital, gold of 99.9% and 99.5% purities advanced by ₹225 each to ₹33,100 and ₹32,950 per 10 gram, respectively.

Similarly, sovereign gold rose by ₹100 to ₹25,400 per piece of eight grams.

Silver ready gained by ₹250 to ₹40,100 per kg, while weekly-based delivery rose by ₹146 to ₹39,617 per kg.

Silver coins, however, held flat at ₹77,000 for buying and ₹78,000 for selling of 100 pieces.

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