New Delhi, Jan. 30 (PTI): Extending its upward trend, gold prices on Wednesday rose by INR 320 and crossed the INR 34,000 mark per 10 gram at the bullion market here mirroring firm trend overseas, according to All India Sarafa Association.
The yellow metal rose by INR 320 to INR 34,070 per 10 gram.
Following gold, silver too rose by INR 330 to INR 41,330 per kg on increased offtake by industrial units and coin makers.
Traders said, with uncertainty looming over the trade-talks outcome between US-China amid launching of criminal proceedings against the Chinese telecom giant Huawei by Washington, investors resorted to safe haven buying, which pushed up gold prices.
Globally, gold rose to USD 1,314.76 an ounce and silver traded higher at USD 15.96 an ounce in New York.
In previous two days, gold prices rose by Rs 450.
In the national capital, gold of 99.9 per cent and 99.5 per cent purities climbed INR 320 each to INR 34,070 and INR 33,920 per 10 gram, respectively.
Similarly, sovereign gold advanced by INR 200 to INR 25,900 per piece of eight gram.
Silver ready rose by INR 330 to INR 41,330 per kg and weekly-based delivery by INR 361 to INR 40,434 per kg.
Silver coins, too, were in good demand and traded higher by INR 1,000 at INR 79,000 for buying and INR 80,000 for selling of 100 pieces, respectively.
