rose sharply by Rs 200 to Rs 27,050 per kg on high industrial demand in the bullion market here on Tuesday. Standard gold and ornaments shed Rs 5 each to trade at Rs 16,740 and Rs 16,590 per ten grams, respectively, while sovereign remained at its previous level of Rs 14,000 per eight-gram piece.
Marketmen said trading in gold remained restricted on lack of buying support at existing levels.
On the other hand, silver attracted demand from industrial units and coin manufacturers with the start of the 'Navratras'-- a nine-day festive period.
A firming trend overseas, where the metal rose 0.5 per cent to USD 17.19 an ounce, also supported the gain in the domestic market.
Silver ready rose by Rs 200 to Rs 27,050 per kg and weekly-based delivery by Rs 215 to Rs 26,845 per kg. Silver coins also gained Rs 200 to Rs 33,400 for buying and Rs 33,500 for selling of 100 pieces.
