Gold rallies Rs 2,000, silver surges Rs 5,540

New Delhi: Gold prices rallied by Rs 2,000 to Rs 1,27,900 per 10 grams in the national capital amid firm global trends, according to the All India Sarafa Association. The precious metal of 99.5 per cent purity jumped by Rs 2,000 to Rs 1,27,300 per 10 grams from Monday’s closing of Rs 1,25,300 per 10 grams.

The yellow metal has added Rs 3,300 per 10 grams in the last two sessions. In the local bullion market on Monday, gold of 99.9 per cent had settled with a gain of Rs 1,300 at Rs 1,25,900 per 10 grams. Meanwhile, silver prices also skyrocketed by Rs 5,540 to Rs 1,61,300 per kilogram.

The white metal had finished at Rs 1,55,760 per kg on Monday, as per association. In the overseas markets, spot gold was trading flat at $4,127.59 an ounce while spot silver rose 0.86 per cent to $51.66 per ounce. Bullion markets were closed on Tuesday following a blast near Red Fort on November 10.