Gold rises, silver plunged

New Delhi: Gold prices rose by Rs 100 to Rs 75,650 per 10 grams in the national capital on Monday due to increased buying by jewellers and a firm trend in the overseas markets. However, silver prices plunged by Rs 600 to Rs 91,000 per kg. In the previous session, it had settled at Rs 91,600 per kg, as per the All India Sarafa Association. On Saturday, the precious metal rates had closed at Rs 75,550 per 10 grams.

Meanwhile, gold of 99.5 per cent purity also rose by Rs 100 to Rs 75,300 per 10 grams. It had ended at Rs 75,200 per 10 grams in the previous session. Traders attributed the rise in gold prices to fresh demand by local jewellers and a firm trend in the international markets.