Gold, silver extend gains for 2nd day

Gold extended its winning run for the second straight day at the bullion market here today on persistent local demand amid higher global cues.

Standard gold (99.5 purity) jumped by Rs 175 to finish at 29,135 per 10 grams from yesterday's closing level of Rs 28,960.

Pure gold (99.9 purity) also firmed up by the same amount to end at Rs 29,285 per 10 grams as compared to Rs 29,110 earlier.

Silver (.999 fineness) rose further by Rs 300 to end at Rs 39,300 per kilo against Rs 39,000 previously In the overseas market, gold prices scored back-to-back gains yesterday as weakness in the US equities boosted haven demand for the precious metal.

Gold for December delivery rose by USD 9.50 to settle at USD 1,292.40 an ounce after touching a high of USD 1,296.

Silver for September rose to USD 17.05 an ounce.

(This article has not been edited by DNA's editorial team and is auto-generated from an agency feed.)