Gold remains up on jewellers' purchasing

New Delhi, Jan 9 Gold costs edged higher by Rs 20 to Rs 30,500 for every ten grams at the bullion market on increased buying by local jewellers despite a weak trend overseas.

Silver also recuperated by Rs 20 to Rs 39,900 for each kg on expanded offtake by modern units and coin makers.

Bullion traders said managed purchasing by nearby gem specialists at domestic spot market, principally kept gold costs higher however a frail pattern abroad topped the ascent.

Globally, gold edged lower by 0.23 percent to USD 1,316.70 an ounce and silver by 0.20 percent to USD 17.06 an ounce in Singapore.

In the national capital, gold of 99.9 percent and 99.5 percent virtue edged higher by Rs 20 each to Rs 30,500 and Rs 30,350 for every ten grams, individually. The valuable metal had picked up Rs 30 yesterday.

Sovereign however stayed level at Rs 24,700 for every bit of eight gram.

Silver prepared exchanged higher by Rs 20 to Rs 39,900 for every kg, while week after week based conveyance shed Rs 15 to Rs 39,100 for every kg.

In the interim, silver coins kept on being exchanged at past level of Rs 73,000 for purchasing and Rs 74,000 for offering of 100 pieces.