Gold costs surge by Rs 180 on firm global trend

New Delhi, May 8 Gold prices rose by Rs 180 to Rs 32,850 for every 10 gram at the bullion market here Wednesday due to fresh buying from jewellers amid firm trend overseas, according to the All India Sarafa Association.

Tracking gold, silver also picked up by Rs 100 to Rs 38,220 for every kg following increased offtake by industrial units and coin makers.

Traders said sentiment turned bullish on the back of get in buying support from local jewellers amid positive abroad pattern as rising US-China trade tension boosted gold's safe-haven appeal.

Internationally, spot gold was exchanging higher at USD 1,288.20 an ounce, while silver imperceptibly rose to USD 14.99 an ounce in New York.

In the national capital, gold of 99.9 percent and 99.5 percent purity surged by Rs 180 each to Rs 32,850 and Rs 32,680 for every 10 gram, separately.

Sovereign gold held relentless at Rs 26,400 for every eight gram.

Meanwhile, silver prepared rose by Rs 100 to Rs 38,220 for every kg and week after week based conveyance declined by Rs 228 to Rs 37,106 for each kg.

Then again, silver coins held flat at Rs 79,000 for buying and Rs 80,000 for selling of 100 pieces.