Gold prices rose by Rs90 per 10 gram and silver rates jumped by Rs600 a kg in the bullion market here on fresh buying today, a day after the precious metal crashed on concerns over Dubai debt crisis.
Gold rose by Rs90 to Rs17,940 per 10 gram. Silver surged by Rs600 to Rs28,600 per kg.
Marketmen said fresh buying by stockists and the current marriage season demand kept the prices of precious metals at high levels.
They said gold prices crashing in the previous session after Dubai debt problem attracted stockists and retail customers.
Gold yesterday declined sharply by Rs300 following a steep fall in prices overseas on fears of a widespread default after Dubai said it would ask creditors of conglomerate Dubai World for a debt moratorium of at least six months.
In the domestic market today, standard gold and ornaments gained Rs90 each at Rs17,940 and Rs17,790 per 10 gram respectively. Sovereign surged by Rs370 to Rs13,970 per piece of eight gram.
Silver ready rose by Rs600 to Rs28,600 per kg and weekly-based delivery by Rs615 to Rs28,165 per kg. Its coins also gained Rs100 at Rs34,300 for buying and Rs34,400 for selling of 100 pieces.
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