The upsurge of the prices of the gold successively remains on second day as well. The prices went up by Rs. 225  to Rs. 3,350 per 10 grams, it’s highest since May 10 2014. Jewelers’ buying of gold to meet up the wedding season and tracking the trend of the overseas helps in the raising of gold prices.

The gold has a biggest gain for a week as the reports showing slow jobs growth e\weakened the case for the US  Federal Reserve to raise interest rates, which results into the increasing appeal for the precious metal.

Gold in US Market climbed by 0.79% to $1287.70 an ounce. It’s significant growth as the US Gold market determines the trend in the Indian market as well.

Moreover, extensive buying of the metal to meet the demand of the wedding season by the jewelers resulted into the hike in the priced of the metal.

Gold had hiked by Rs. 25 yesterday. However, Sovereign held steady at Rs. 23,300 per piece of eight grams.

Silver rates hiked  by Rs. 510  to Rs. 41,550 per kg due to increased off-take by coin makers and the industrial units. However, Silver coins remained to be traded at the price of Rs. 69,000 for buying and 70,000 for selling of 100 pieces.

By Prajakt K.