Gold rises by Rs 130 to Rs 30,800 on sustained buying, firm global cues

Gold in Singapore, which normally sets price trend on the domestic front, rose by one per cent to $1,287.81 an ounce - the highest price since November 18 and silver by 0.2 per cent to $20.11 an ounce.

At the domestic front, gold of 99.9 and 99.5 per cent purity rose by Rs. 130 each to Rs. 30,800 and Rs. 30,600 per 10 grams, respectively. It had climbed Rs. 470 on Monday.

Silver coins continued to be asked at last level of Rs. 86,000 for buying and Rs. 87,000 for selling of 100 pieces.

In a similar fashion, silver ready rose by Rs. 105 to Rs. 45,130 per kg and weekly-based delivery by a similar margin to Rs. 44,880 per kg. The white metal had gained Rs. 405 in last the trading session.

However, silver coins remained steady at Rs. 86,000 for buying and Rs. 87,000 for selling of 100 pieces.