New Delhi, July 5 (PTI): Strengthening gains for the second straight session, gold prices today edged up by INR 10 to INR 31,580 per 10 grams at the bullion market on persistent buying by local jewellers amid a firm trend overseas.
Silver prices too surged by INR 690 to INR 40,600 per kg backed by increased offtake by industrial units and coin makers.
Traders said continued buying by local jewellers at the domestic spot market and a better trend overseas mainly kept gold prices higher.
Globally, gold rose by 0.34 per cent to USD 1,256.50 an ounce and silver by 0.37 per cent to USD 16.06 an ounce in New York in yesterday's trade.
In the national capital, gold of 99.9 per cent and 99.5 per cent purity moved up by INR 10 each to INR 31,580 and INR 31,430 per 10 grams, respectively, The precious metal had gained Rs 210 yesterday.
Sovereign, however, remained unaltered at INR 24,800 per piece of eight grams in limited deals.
In line with gold, silver ready jumped up by INR 690 to INR 40,600 per kg, while weekly-based delivery shed INR 60 to INR 39,200 per kg.
Silver coins, however, remained steady at INR 75,000 for buying and INR 76,000 for selling of 100 pieces.
