Increased buying from local jewelers sent gold prices sharply up today. Gold prices today rose ₹360 to ₹34,830 per 10 gram at the bullion market, Press Trust of India reported, citing All India Sarafa Association. Silver rates, however, fell by ₹140 to ₹41,660 per kg on decreased offtake by industrial units.
In Delhi, gold of 99.9% and 99.5% purities advanced by ₹360 each to ₹34,830 and ₹34,680 per 10 gram, respectively. Sovereign gold also rose by ₹200 to ₹26,600 per piece of 8 gram. Gold prices had dropped ₹210 on Wednesday.