Bullion recorded a healthy rise on the first day of 2009 in India as standard gold surged by RS 225 Rs 13780 per 10 gram on heavy buying by stockists and jewelers. Silver also up by Rs 400 to Rs 18,300 per kg as persistent buying by stockists and jewelers amid restricted arrival mainly led to the rise.
Gold ornaments bounced back to Rs 13,500 per 10 gram. Sovereign gained Rs 50 at Rs 10,750 per piece of eight gram.
Silver ready rose sharply by Rs 400 to Rs 18,300 per kg and weekly-based delivery by Rs 500 to Rs 18,400 per kg.
Silver coins quoted higher by Rs 100 at Rs 27,100 for buying and Rs 27,200 for selling of 100 pieces.
Analysts said closure of international markets for New Year holidays, kept the market directionless and the current surge was on expectations of a better start in the global markets next week
