Gold prices surge Rs 1,100 to Rs 80,400 per 10 g; silver climbs Rs 300

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Gold prices surge Rs 1,100 to Rs 80,400 per 10 g; silver climbs Rs 300 - Business Standard

Quick Summary:

Gold prices surged Rs 1,100 to hit a two-week high of Rs 80,400 per 10 grams in the national capital on Friday due to persistent buying by jewellers and retailers during the ongoing wedding season, according to the All India Sarafa Association.

Meanwhile, in futures trade on the Multi Commodity Exchange (MCX), gold contracts for December delivery climbed Rs 906, or 1.18 per cent, to trade at Rs 77,599 per 10 grams.

It had closed at Rs 93,000 per kg in the previous session.Price of gold of 99.5 per cent purity soared Rs 1,100, extending the gains for the second consecutive day to Rs 80,000 per 10 grams.