New Delhi: Gold prices surged by Rs110 to Rs28,890 per 10 grams on Wednesday , riding largely on a firm trend overseas, along with increased buying by local jewellers. More From Livemint »Traders said that besides a firm global trend as a drop in equities drove safe-haven buying and the US dollar retreated, increased buying by local jewellers at the domestic market gave gold prices some shine. In Delhi, gold of 99.9% and 99.5% purity climbed by Rs 110 each to Rs 28,890 and Rs 28,740 per 10 grams, respectively. Following gold, silver ready spurted further by Rs 700 to Rs 37,900 per kg, and weekly-based delivery by Rs 590 to Rs 36,840 per kg. Silver coins too flared up by Rs 1,000 to Rs 70,000 for buying and Rs 71,000 for selling of 100 pieces.

Source: Mint July 12, 2017 09:45 UTC