Gold rises on increased buying by jewelers, firm trend overseas

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New Delhi, Mar 13 (PTI) Gold prices Wednesday rallied by Rs. 235 to Rs. 33,385 per 10 gram in the national capital on increased buying by local jewelers amid a firm trend overseas, according to the All India Sarafa Association.
Silver too advanced by Rs. 130 to Rs. 39,710 per kg on increased off take by industrial units and coin makers.
Traders said gold prices surged due to fresh buying by local jewelers. Besides, the metal crossing $1,300 an ounce mark overseas influenced the sentiment here.
Globally, gold was trading higher at $1,304.31 per ounce while silver traded marginally lower at $ 15.43 an ounce in New York.
In the national capital, gold of 99.9 percent and 99.5 percent purity rose by Rs. 235 to Rs. 33,385 and Rs. 33,215 per 10 gram, respectively.
Sovereign gold, however, remained flat at Rs 26,400 per eight gram.
Silver ready rose Rs. 130 to Rs. 39,710 per kg and weekly-based delivery by Rs. 108 to Rs. 38,768 per kg.
Price for a lot of 100 silver coins remained flat at Rs. 80,000 for purchase and Rs. 81,000 for sale.

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