Commodity Online
NEW DELHI : Gold prices advanced further Thursday as investors and jewelers continued to support the precious yellow metal ahead of the busy marriage season.

Standard gold and ornaments which had gained Rs 80 each in last two trading session, surged by Rs 180 each to Rs 12,350 and Rs 12,200 per ten gram respectively. Sovereign followed suit and traded higher by Rs 50 to Rs 10,450 per piece of eight gram.

On the other hand, silver ready lacked necessary buying support and declined by Rs 100 to Rs 16,550 per kg and weekly-based delivery by Rs 80 to Rs 16,370 per kg.

Silver coins, however, remained steady at Rs 26,400 for buying and Rs 26,500 for selling of 100 coins.

Buying activity in gold also picked up as stockists and retailers remained aggressive buyers in the view of marriage season amid report of rising trend in overseas market.

falling equity market across the board also made the precious metal a better investment and shifted funds from stocks to bullion, analysts said.