New Delhi: Gold prices surged to nine-week high in the national capital today on rising wedding season demand and weakening rupee amid a firming global trend.
The gold advanced by Rs 110 to Rs 32,560 per 10 gm, a level last seen on September 17. Silver also rose by Rs 250 to Rs 62,500 per kg on industrial buying.
Traders said wedding season demand along with higher global trend after investors holdings rose to an all-time high and central banks added to reserves as Europe's debt crisis persisted, mainly bolstered the sentiment.
They said the dollar-priced metals also rose as Indian rupee fell to nearly three-month low against the American currency made the import costlier.
Gold in global markets, which normally set price trend on the domestic front advanced 2.20 dollar to 1731.90 dollar an ounce and silver by 0.21 per cent to 33.45 dollar an ounce in Singapore.
