Gold, silver surge on wedding season buying, global cues

Posted on May 3 2014 - 9:00pm by IBC News

New Delhi, May 3 Gold staged a strong recovery today by surging Rs 320 to Rs 30,710 per 10 grams in the national capital on emergence of buying by stockists to meet the ongoing wedding season demand amid a firming trend overseas.

Silver also snapped its three-day falling streak and spurted by Rs 1,050 to Rs 42,700 per kg on increased offtake by industrial units and coin makers. The white metal had lost Rs 1,750 in the previous three sessions.