GOLD regained its sheen to trade higher by Rs215 to Rs29,790 per ten grams as the bullion market in the national capital reopened after two days of strike, while silver rallied by Rs775 to Rs40,975 per kg largely in tune with a firming global trend.
Moreover, ongoing wedding season demand supported the uptrend in the precious metal prices.
The market, which opened after two days of jewellers' strike against one per cent excise duty on non-silver jewellery witnessed rising demand from retailers and stockists for the ongoing wedding season amid firm global cues.
Different jewellers associations had collectively called a three-day strike on Monday (April 25), demanding rollback of the one per cent excise duty.
Globally, gold rose 0.08 per cent to $1,244.30 an ounce in Singapore.
In the national capital, gold of 99.9 and 99.5 per cent purity rose by Rs215 each to Rs29,790 and Rs29,640 per ten grams respectively, while sovereign held steady at Rs23,200 per piece of eight grams.
Similarly, silver ready prices spurted by Rs775 to Rs40,975 per kg and weekly-based delivery by Rs755 to Rs40,740 per kg.
On the other hand, silver coins traded at previous level of Rs64,000 for buying and Rs65,000 for selling of 100 pieces.
