Precious metals gold and silver climbed in the national capital today on buying by stockists and investors. While, gold gained Rs. 150 to Rs. 26,250 per 10 gram, silver added Rs. 1,100 to Rs. 60,200 per kg. Traders said brisk buying by stockists and investors amid reports of a firming trend in the overseas markets, mainly led to a rise in gold and silver prices. Gold in global markets, which normally sets a price trend on the domestic front, rose by $11 dollar to $1,777.20 an ounce as the debt crisis in Europe, slower US growth and inflation in China boosted investor and central-bank demand. Besides, some buying by local parties for the coming marriage season also supported the uptrend in the precious metals' prices. On the domestic front, gold of 99.9 and 99.5 per cent purity climbed by Rs. 150 each to Rs. 26,250 and Rs. 26,130 per 10 grams, respectively. However, sovereign lacked necessary follow-up support and declined by Rs. 200 to Rs. 20,800 per piece of eight grams. On the other hand, silver ready spurted by Rs. 1,100 to Rs. 60,200 per kg and weekly-based delivery rose by Rs. 1,115 to Rs. 59,465 per kg. Silver coins continued to be asked at previous levels of Rs. 66,000 for buying and Rs. 67,000 for selling of 100 pieces.

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