Gold keeps its lustre, up on sustained buying interest

NEW DELHI: Lending support to yesterday's gains, gold prices rose further by Rs 15 to Rs 25,690 per 10 grams at the bullion market today following a buying surge by jewellers and retailers.

However, silver prices went down Rs 25 to Rs 34,300 per kg due to lack of buying support from industrial units and coin-makers.

Bullion traders said the pick-up in buying kept gold prices higher, but gains were restricted due to closure of global markets for Christmas.

In the national capital, gold of 99.9 per cent and 99.5 per cent purity advanced by Rs 15 each to Rs 25,690 and Rs 25,540 per 10 grams, respectively. It had gained Rs 125 yesterday.

Sovereign, however, remained steady at Rs 22,200 per piece of eight grams.

On the other hand, silver ready eased by Rs 25 to Rs 34,300 per kg while the weekly-based delivery held steady at Rs 34,345 per kg.

Meanwhile, silver coins continued to be sold at the last level of Rs 48,000 for buying and Rs 49,000 for selling of 100 pieces.