New Delhi: To meet the festival season demand gold prices today soared by Rs 310 to Rs 31, 280 per ten grams at the bullion market.
Silver prices too reclaimed Rs 1,050 to Rs 47,350 per kg on improved off take by business units and coin makers.
Merchants said response boosted after gold rebounded from the lowest in a week in global markets as the dollar weakened, boosting demand for the expensive metal as a store of value.
Worldwide, gold rose 1.1 per cent to USD 1,355.41 a little and silver by 1.9 per cent to USD 20.19 an ounce in Singapore.
Gold in the national capital of 99.9 per cent and 99.5 per cent purity spurted by Rs 310 each to Rs 31,280 and Rs 31,130 per 10 grams, respectively. The precious metal had gained Rs 70 yesterday.