Gold extends gains on jewellers' buying

New Delhi, Jan 22 Gold firmed by Rs 125 to Rs 33,325 per 10 grams on Tuesday, largely on the back of sustained wedding season buying by jewellers even as it debilitated to near three-week lows abroad.

Silver, however, turned weak due to reduced offtake by coin makers and consuming industries and lost Rs 250 to Rs 39,850 per kg.

Industrious purchasing by local jewellers, triggered by the ongoing wedding season, kept gold prices higher, bullion traders said.

Globally, gold fell 0.13 percent to USD 1,278.90 an ounce in New York as a firmer dollar made bullion more expensive for purchasers using other currencies. Silver also eased by 0.46 per cent to USD 15.26 an ounce

In the national capital, gold of 99.9 percent and 99.5 percent immaculateness progressed by Rs 125 each to Rs 33,325 and Rs 32,175 for every 10 grams, separately. The yellow metal had had gained Rs 40 on Monday.

Sovereign, be that as it may, stayed unaltered at Rs 25,500 for each bit of eight grams on scattered enquiries.

Conversely, silver prepared costs dropped by Rs 250 to Rs 39,850 for each kg and week after week based conveyance snuck past Rs 264 to Rs 38,876 for each kg.

Silver coins, however, were unchanged at Rs 77,000 for buying and Rs 78,000 for selling of 100 pieces.