Gold climbs ₹310 on increased buying

NEW DELHI :

Gold regained its glitter with prices surging by ₹310 to ₹34,310 per 10 gram at the bullion market in New Delhi Friday on increased buying by jewellers coupled with a firming trend overseas, according to the All India Sarafa Association. Silver also rose ₹170 to ₹40,820 per kg, supported by increased offtake by industrial units. Bullion traders said sentiment in the domestic market turned upbeat on the back of increased buying by jewellers and retailers and a firming trend in global markets. Globally, gold was trading higher by 0.14% at $1,315.20 an ounce as weak US retail data raised fresh concerns about a global slowdown while silver shed 0.10 per cent, to $15.67 an ounce.