Gold Rises Rs 200, Silver Jumps Rs 1,800

New Delhi: Gold prices rose Rs200 to Rs81,300 per 10 grams in the national capital on Tuesday amid fresh buying by local jewellers and retailers and strong global trends, according to the All India Sarafa Association. The precious metal of 99.9 per cent purity retreated from a record high in the national capital on Monday, declining Rs1,300 to Rs81,100 per 10 grams. Silver jumped Rs1,800 to Rs96,700 per kg on Tuesday.

In the previous session, it had closed at Rs94,900 per kg. Gold of 99.5 per cent purity appreciated by Rs200 to Rs80,900 per 10 grams against the previous close of Rs80,700 per 10 grams on Monday. Traders attributed the rise in yellow metal prices to a pick-up in demand by local jewellers and retailers in the domestic markets. In the international markets, Comex gold futures rose $1.50 per ounce or 0.05 per cent at $2,747.70 per ounce. In the Asian market hours, Comex silver futures traded 0.37 per cent higher at $32.73 per ounce. Meanwhile, in futures trade on the Multi Commodity Exchange (MCX), gold contracts for December delivery slipped Rs18 or 0.02 per cent to trade at Rs78,404 per 10 grams.