Continued its rising streak for the fourth straight session, gold prices on Friday moved up by another Rs 90 to Rs 30,680 per ten gram on increased buying by stockists for the ongoing marriage season amid a firming global trend.
On the other hand, silver recovered by Rs 240 to Rs 43,420 per kg on increased offtake by industrial units and coin makers.
Traders said increased buying by stockists and retailers for the ongoing marriage season amid a firming global trend, as escalating tensions between Ukraine and Russia spur demand for haven assets, mainly led the rise in precious metal prices.
Gold in New York, which normally sets price trend on the domestic front, rose by 0.5 per cent to $1,290.60 an ounce and silver by 1.3 per cent to $19.71