Gold climbs up `300 on global cues

New Delhi: Gold prices surged by `300 to `29,350 per 10 grams at the bullion market on Wednesday in tandem with a firm overseas trend amid increased buying by local jewellers. Silver followed in the yellow metal's footsteps to recapture the `41,000-mark by climbing `550 to `41,450 per kg on increased offtake by industrial units and coin makers. Traders said that apart from a firm trend overseas, increased buying by local jewellers at domestic spot market mainly led to rally in gold prices. Globally, gold rose by 0.25 per cent to $1,247.30 an ounce.