Gold firms up by Rs 125 for every 10 gm, silver remains flat

New Delhi, Dec 25 Gaining for second day, gold costs Tuesday rose by Rs 125 to Rs 32,400 for each 10 gram at the bullion market in the national capital on higher demand from nearby jewellers even though international markets were closed due of Christmas.

Silver, in any case, remained flat at Rs 38,000 for every kg on no demand from industrial units and coin producers because of the Christmas occasion.

Dealers said that because of the occasion, there was no business in the worldwide market which constrained the increases in the residential gold costs and kept the silver costs enduring.

However, demand from local jewellers at the domestic spot market pushed the gold prices northwards.

In the national capital, gold of 99.9 percent and 99.5 percent purity added Rs 125 each at Rs 32,400 and Rs 32,250 for each 10 gram, separately. The precious metal had jumped by Rs 175 on Monday.

Sovereign, however, traded flat at Rs 25,000 for each piece of 8 gram.

Silver also held steady at Rs 38,000 for every kg, while week by week based delivery, on the other hand, rose by Rs 45 to 37,541 per kg.

Silver coins, as well, showed no change in costs at Rs 74,000 for buying and Rs 75,000 for selling of Rs 100 pieces.