Gold ended steady at Rs 27,800 per 10 grams at the bullion market on Monday on scattered buying from jewellers, while silver reclaimed the 40,000/kg mark by rising Rs 350 on increased offtake amid positive global cues.
Traders said scattered demand from jewellers kept gold prices steady, while increased offtake by industrial units and coin makers amid a firm global trend helped silver prices to recapture Rs 40,000 per kg mark.
Globally, gold added 0.6 per cent to $1,232.44 an ounce, the highest since February 17 and silver surged 1.6 per cent to $17.78 an ounce, the highest since January 29 in Singapore.
In the national capital, gold of 99.9 and 99.5 per cent purity held steady at Rs 27,800 and Rs 27,650 per 10 gram respectively. Sovereign followed suit and ruled flat at Rs 23,900 per piece of eight gram.
On the other hand, silver ready rose further by Rs 350 to Rs 40,000, a highest level since January 24 this year largely on higher global advances.
Silver weekly-based delivery followed suit and traded higher by Rs 385 to Rs 40,355 per kg.
Silver coins also spurted by Rs 1,000 to Rs 59,000 for buying and Rs 60,000 for selling of 100 pieces in line with a firm trend in silver.
