Gold, silver extend gains on buying

Both the precious metals, gold and silver extended gains for the second straight day in the national capital today on sustained buying by retailers amid a firming global trend.

While gold added Rs 60 to Rs 30,060 per 10 gm, silver advanced by Rs 200 to Rs 55,200 per kg due to increased offtake by jewellers and industrial units.

Traders said sustained buying by retailers amid a firming global trend mainly kept both gold and silver prices higher for the second day.

On the domestic front, gold of 99.9 and 99.5 per cent purity added Rs 60 each at Rs 30,060 and Rs 29,860 per ten grams respectively. It had gained Rs 280 yesterday. Sovereign held steady at Rs 25,200 per piece of eight gram.