New Delhi, Apr 29 (PTI) Gold prices today rose by Rs 50 to Rs 17,240 per ten gram in the bullion market here on sustained buying by stockists and jewellers.
Silver also gained Rs 50 to Rs 28,050 per kg on increased offtake by industrial units.
Marketmen said buying by stockists and jewellers after a rising trend in overseas markets mainly helped gold make further headway. Gold prices had jumped Rs 200 yesterday.
Gold rose by USD 1.90 to USD 1,167.60 an ounce in London on speculation that the debt crisis in Europe will lead to more demand for the metal, which is considered as a safe bet.
Standard gold and ornaments added Rs 50 each to Rs 17,240 and Rs 17,090 per ten gram respectively. Sovereign strengthened further by Rs 25 to Rs 14,125 per piece of eight gram.
