New Delhi: Gold maintained its upward trend for the second day on Saturday, gaining another Rs25 at Rs28,575 per 10 grams on positive global cues and sustained buying by local jewellers at the bullion market. Silver followed suit and gained another Rs200 to Rs38,600 per kg on increased offtake by industrial units and coin makers. Traders said that besides a firm trend overseas, sustained buying by local jewellers mainly kept gold prices higher. In the national capital, gold of 99.9 and 99.5% purity inched up further by Rs25 each to Rs28,575 and Rs28,425 per 10 grams, respectively. Silver coins, however, continued to trade at last level of Rs69,000 for buying and Rs70,000 for selling of 100 pieces.

Source: Mint May 13, 2017 11:15 UTC