Extending gains for the fifth day in a row, gold prices surged to a 52-week high here at Rs 15,000 per ten gram on aggressive buying by funds in line with firming overseas trend.
Gold prices added Rs 130 at Rs 15,040 per ten gram, a level last seen on April 2 as stockists and jewellery makers indulged in creating fresh positions ahead of the festival season.
The precious metal in the current five-day rally gathered a handsome gain of Rs 340 per ten gram on sustained buying by stockists and jewellers.
In overseas markets, which normally set price trends here, gold surged to 940 dollar an ounce on the back of a weak US dollar renewing interest in gold as a safe investment.
A similar strength was noticed in silver as coins and jewellery manufacturers indulged in buying, fearing the metal might further rise.
Silver ready rose by Rs 250 at Rs 22,050 per kg and weekly-based delivery by Rs 320 at Rs 21,920 per kg. The metal managed to gain Rs 750 per kg. Silver coins also rose by Rs 200 at Rs 29,300 for buying and Rs 29,400 for selling of 100 pieces.
Standard gold and ornaments spurted by Rs 130 each at Rs 15,040 and Rs 14,890 per ten gram respectively. Sovereign also moved up by Rs 50 at Rs 12,450 per piece of eight gram.
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