Gold rallies by Rs 250, silver firms up

New Delhi, Dec 8 Gold costs move by Rs 250 Saturday to close at Rs 32,350 for every 10 grams at the bullion showcase here on uptick popular in the midst of positive global cues.

Silver gained Rs 800 to close at Rs 38,500 for every kg on higher interest from mechanical units and coin makers.

A firm trend overseas, where gold spurted on place of refuge purchasing, boosted the yellow metal's costs here, dealers said.

In the national capital, gold of 99.9 percent and 99.5 percent purities rose by Rs 250 each to close at Rs 32,350 and Rs 32,200 for every 10 grams, separately.

In addition, sovereign gold climbed by Rs 100 to Rs 25,000 for each bit of 8 grams.

All inclusive, gold surged to USD 1,247.46 an ounce in New York and silver also went up to USD 14.62 an ounce in the midst of a strengthening dollar.

Silver ready rose by Rs 800 to Rs 38,500 for each kg, while week by week based delivery gained Rs 1094 to Rs 38,300 per kg.

In similar fashion, silver coins rose to Rs 74,000 for buying and Rs 75,000 for selling of 100 pieces.