Gold crosses Rs 33,000-mark

New Delhi, Apr 8 Gold costs surged by Rs 425 to Rs 33,215 for every 10 gram in the national capital Monday because of increased buying by jewellers amid firm trend overseas, according to the All India Sarafa Association.

Silver too rose by Rs 170 to Rs 38,670 for every kg on expanded offtake by mechanical units and coin makers.

Traders stated, positive trend overseas and rise in demand from local jewellers prompted upward development in the costs of yellow metal.

In the international market, spot gold was trading higher at USD 1,298.30 an ounce, while silver moved upward to USD 15.23 an ounce in New York.

In the national capital, gold of 99.9 percent and 99.5 percent purity rose by Rs 425 to Rs 33,215 and Rs 33,045 for each 10 gram, respectively.

On Saturday, the yellow metal had shut at Rs 32,790 for every 10 gram.

However, sovereign gold held steady at Rs 26,400 for every eight gram.

Silver ready advanced by Rs 170 to Rs 38,670 for every kg, while weekly based delivery gained Rs 594 to Rs 37,753 for every kg.

Then again, silver coins held level at Rs 80,000 for buying and Rs 81,000 for selling of 100 pieces.