Both the precious metals, gold and silver, on Monday rose further in the bullion market here on sustained buying by stockists amid a firm global trend.
While gold rose by Rs 45 to Rs 26,475 per 10 grams, silver by Rs 200 to Rs 41,200 per kg on increased offtake by jewellers and coin makers.
Traders said sustained buying by stockists and retailers amid a firm global trend where gold advanced as the drop to the lowest level in 34 months last week lured buyers mainly influenced the sentiment.
Gold in Singapore, which normally sets the price trend on the domestic front, rose by 1.1 per cent to $1,248.12 an ounce and silver by 2.3 per cent to $20.10, the highest since June 24.
On the domestic front, gold of 99.9 and 99.5 per cent purity advanced by Rs 45 each to Rs 26,475 and Rs 26,275 per 10