Continuing its rising streak for the third straight day, gold advanced by another Rs 30 to Rs 29,880 per 10 gram on sustained buying by jewellers to meet wedding season demand even as metal weakened overseas.
Silver also edged higher by Rs 50 to Rs 43,450 per kg on increased offtake by industrial units and coin makers.
Traders said persistent buying by local jewellers to meet ongoing wedding season demand mainly kept the precious metal higher, but a weak trend overseas capped the losses.
Globally, gold fell 0.32 per cent to $1,234.60 an ounce and silver 0.64 per cent to $17.95 an ounce in New York yesterday.
In the national capital, gold of 99.9 per cent and 99.5 per cent purity rose further by Rs 30 each to Rs 29,880 and Rs 29,730 per 10 grams, respectively. It had gained Rs. 225 in the previous two days.
