Bullion: Riding high on positive global cues and increased

buying by local jewellers, gold prices regained its sheen to end higher at Rs 29,330 per 10 grams by climbing Rs 330 at the bullion market during the week.

Silver also surged by Rs 800 to Rs 41,800 per kg on increased offtake by industrial units and coin makers.

Bullion traders said, apart from a firm trend overseas, pick-up in buying by local jewellers at domestic spot market, mainly attributed the rise in the precious metals' prices.

Globally, gold ended the week higher at USD 1,242.90 an ounce and silver at USD 17.74 an ounce in New York.

In the national capital, gold of 99.9 and 99.5 per cent purity commenced the week higher at Rs 29,150 and Rs 29,000 and advanced to Rs 29,350 and Rs 29,200 per ten grams, respectively on firm global cues.

Later, it met with resistance at higher levels and plunged to Rs 29,000 and Rs 28,850 before ending at Rs 29,330 and Rs 29,180 per ten grams respectively, showing a rise of Rs 330 each.

Sovereign, however, moved in a narrow range in scattered deals throughout the week and settled at the previous level of Rs 24,400 per piece of eight grams.

In volatile movements, silver ready ended the week higher by Rs 800 to Rs 41,800 and weekly-based delivery recaptured the 41,000-mark by gaining Rs 620 to finish at Rs 41,530 per kg.

Silver coins too spurted by Rs 1,000 to Rs 71,000 for buying and Rs 72,000 for selling of 100 pieces.

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