New Delhi: A divergent trend was seen on the bullion market today as gold prices extended gains for the second straight day by adding 100 to 29,800 per 10 gm on festival demand while silver lacked necessary buying support and declined.

Traders said sustained buying for the festive season demand mainly helped gold prices for the third straight day while silver lacked necessary buying support and declined.

Some funds seen shifting from weakening equity to gold also influenced the yellow metal prices, they said.

In the national capital, gold of 99.9 and 99.5 percent purity rose further by 100 each to 29,800 and 29,600 per 10 gm, respectively. It had gained 70 in last two sessions. Sovereign remained steady at 24,350 per piece of eight gram in limited deals.

On the other hand, silver ready fell by 150 to 52,300 per kg and weekly-based delivery by 115 to 52,715 per kg. However, silver coins continued to be asked around previous level of 61,000 for buying and 62,000 for selling of 100 pieces.