<p> Extending its rally for the eleventh day, gold surged by Rs 365 to over six-week high of Rs 26,700 today amid a firming trend in global markets and buying by jewellers to meet the wedding season demand.<br /><br /></p>.<p>Silver also recorded a handsome gain of Rs 1,000 at Rs 36,300 per kg on increased offtake by industrial units and coin makers.<br /><br />Bullion traders said apart from a firming trend overseas where gold jumped to over one month highs as prospects dimmed for a US interest rate increase in September, boosting the metal's allure, increased buying by jewellers to meet ongoing wedding season demand, mainly kept prices of the precious metals higher.<br /><br />Globally, gold in Singapore, which normally sets price trend on the domestic front, climbed 0.5 per cent to trade at over one-month high of USD 1,139.59 an ounce after surging 1.5 per cent in yesterday's trade and silver added 0.4 per cent to USD 15.38 an ounce. It soared 3 per cent in yesterday's trade.<br /><br />Besides, diversion of funds from weakening equities to rising bullion supported the upside in prices, they said.<br /><br />In the national capital, gold of 99.9 per cent and 99.5 per cent purity climbed by Rs 365 each to Rs 26,700 and Rs 26,550 per 10 grams, respectively, a level last seen on July 1. It had gained Rs 1,355 in previous 10 days.<br /><br />The Sovereign gained Rs 100 at Rs 22,500 per piece of eight grams.<br />Following gold, silver ready too rallied by Rs 1,000 to Rs 36,300 per kg and weekly-based delivery by Rs 960 to Rs 35,880 per kg.<br /><br />In line with overall trends, silver coins also shot up by Rs 1,000 to Rs 51,000 for buying and Rs 52,000 for selling of 100 pieces. <br /></p>
<p> Extending its rally for the eleventh day, gold surged by Rs 365 to over six-week high of Rs 26,700 today amid a firming trend in global markets and buying by jewellers to meet the wedding season demand.<br /><br /></p>.<p>Silver also recorded a handsome gain of Rs 1,000 at Rs 36,300 per kg on increased offtake by industrial units and coin makers.<br /><br />Bullion traders said apart from a firming trend overseas where gold jumped to over one month highs as prospects dimmed for a US interest rate increase in September, boosting the metal's allure, increased buying by jewellers to meet ongoing wedding season demand, mainly kept prices of the precious metals higher.<br /><br />Globally, gold in Singapore, which normally sets price trend on the domestic front, climbed 0.5 per cent to trade at over one-month high of USD 1,139.59 an ounce after surging 1.5 per cent in yesterday's trade and silver added 0.4 per cent to USD 15.38 an ounce. It soared 3 per cent in yesterday's trade.<br /><br />Besides, diversion of funds from weakening equities to rising bullion supported the upside in prices, they said.<br /><br />In the national capital, gold of 99.9 per cent and 99.5 per cent purity climbed by Rs 365 each to Rs 26,700 and Rs 26,550 per 10 grams, respectively, a level last seen on July 1. It had gained Rs 1,355 in previous 10 days.<br /><br />The Sovereign gained Rs 100 at Rs 22,500 per piece of eight grams.<br />Following gold, silver ready too rallied by Rs 1,000 to Rs 36,300 per kg and weekly-based delivery by Rs 960 to Rs 35,880 per kg.<br /><br />In line with overall trends, silver coins also shot up by Rs 1,000 to Rs 51,000 for buying and Rs 52,000 for selling of 100 pieces. <br /></p>