Gold spurted further to maintain its shine on the bullion market, just ahead of Diwali, on sustained buying by retail customers and closed with another gain of Rs 75 at Rs 5800 per ten gram.
Silver followed suit and notched up another significant gain on buying by jewellers and coin manufacturers triggered by a strong demand for coins by local customers for Diwali puja.
All round buying in silver coins fixed both buying and selling price at one level of Rs12,700 for 100 pieces, which was higher by Rs100 from the previous close.
Gold was at the centre of brisk trading among jewellers and stockists sparked by reports of a whopping hike in its prices in the international markets where it quoted higher by $4.80 an ounce at $386.70.
A firm trend in overseas markets on the back of sustained slide in the US dollar against other regional currencies and bearish performance across equity markets, steered investor attention towards gold.
Scarcity of potential sellers in the market also paved the way for rise in prices of precious metals and silver coins.
