New Delhi, India (BBN)-Gold price on Wednesday zoomed to one-month high of Rs 30,950 per 10 grams, up Rs 250, tracking a solid trend overseas amid increased buying by domestic jewellers on wedding season demand.
Silver ready went past the Rs 44,000-mark by jumping Rs 900 to Rs 44,100 per kg on speculative buying, while silver weekly-based delivery rallied by Rs 1,015 to Rs 43,725 per kg, reports PTI.
Traders said buying sentiment became strong after gold rose for the fifth day to the highest level in almost a month overseas as the dollar weakened ahead of US Federal Reserve’s interest-rate decision.
Globally, gold rose 0.35 per cent to $1,292.30 an ounce in Singapore on Wednesday.
Besides, persistent buying by jewellers following pick-up in demand for ornaments, at the domestic spot market, driven by ongoing wedding season propped up the upside, they said.