Gold prices have jumped by Rs 290 to regain the Rs 26,000-level at the bullion market on the back of a firm trend from overseas and pick-up in buying by jewellers to meet wedding season demand.
Gold rates in New York, which used to normally determine the price trend on the domestic front, rose by 0.25 percent to USD 1,074.20 an ounce in yesterday's trade.
In the national capital, gold of 99.9 and 99.5 percent purity increased by Rs 290 each to Rs 26,000 and Rs 25,850 per ten grams, respectively.
Sovereign, however, remained steady at Rs 22,200 per piece of eight grams in limited deals.
Silver has dipped below Rs 34,000 by losing Rs 200 to Rs 33,850 per kg and weekly-based delivery was down by Rs 265 to Rs 33,980 per kg.
Silver coins continued to be traded at last level of Rs 48,000 for buying and Rs 49,000 for selling of 100 pieces.
By Premji
