Breaking its three-day losing streak, gold bounced back by ₹250 to ₹31,550 per 10 gram at the bullion market on Saturday in sync with a firm trend overseas amid fresh buying by local jewellers.
Silver followed suit and touched the ₹39,000-mark by spurting ₹1,100 to ₹39,100 per kg backed by increased offtake by industrial units and coin makers.
Traders said sentiment bolstered largely in tandem with a firm trend overseas and pick-up in buying by local jewellers at domestic spot market.
Globally, gold rose by 0.83% to USD 1,192.20 an ounce and silver by 2.85% to USD 14.64 an ounce in New York in Friday’s trade.
In the national capital, gold of 99.9% and 99.5% purity climbed ₹250 each to ₹31,550 and ₹31,400 per 10 gram, respectively.
The metal had lost ₹425 in the previous three days.
Sovereign, however, remained flat at ₹24,500 per piece of 8 gram.
In line with gold, silver ready jumped by ₹1,100 to ₹39,100 per kg and weekly-based delivery by ₹715 to ₹38,575 per kg.
Silver coins, too, flared up by ₹1,000 to ₹73,000 for buying and ₹74,000 for selling of 100 pieces.