New Delhi: Gold edged higher by ₹ 50 to ₹ 30,300 per 10 grams in Delhi bullion market on Saturday, tracking a firming trend overseas along with sustained buying by jewellers at domestic front.

Bullion traders said sentiments remained bullish on the back of a firming trend overseas as the dollar tumbled to a 11-month low after the Bank of Japan unexpectedly held off on expanding monetary stimulus, boosting the appeal of alternative assets.

Gold in New York, which normally determines the price trend in the domestic market, surged by 2.05% to $1,292.40 an ounce and silver by 1.65% to $17.82 an ounce in Friday’s trade.

In the national capital, gold of 99.9 and 99.5% purity advanced by ₹ 50 each to ₹ 30,300 and ₹ 30,150 per ten grams respectively. The precious metal had gained ₹ 675 in the previous three sessions. Sovereign, however, remained steady at ₹ 23,300 per piece of eight grams in limited deals.

Silver ready too strengthened by ₹ 250 to ₹ 41,850 per kg and weekly-based delivery by ₹ 130 to ₹ 41,565 per kg. Silver coins also zoomed by ₹ 2,000 to ₹ 70,000 for buying and ₹ 71,000 for selling of 100 pieces.

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