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Gold up 
105 on Strong Demand, Firm Global Cues
New DelhiI: Gold today rose by 
105 to 28,410 per 10 grams on increased buying by stockists and jewellers to meet demand for the ongoing marriage season, amid a firm global trend.
However, silver lacked necessary buying support at existing higher levels and lost 470 to 56,500 per kg.
Marketmen said the trading sentiment in gold remained firm on the back of sustained buying by stockists and jewellers, driven by marriage season demand amid strong global cues.
Last night in New York, gold rose by $ 16.80 to $ 1,737.30 an ounce, the highest level since December 7, as a weak dollar raised appeal for the precious metal as an alternative asset.
On the domestic front, gold of 99.9 and 99.5 percent purity added 105 each to 28,410 and 28,270 per 10 grams, respectively. It had gained 535 yesterday.
However, sovereigns ended flat at 23,350 per piece of eight grams in scattered deals.
On the other hand, silver ready fell by Rs 470 to Rs 56,500 per kg but weekly-based delivery strengthened by 825 to 57,225 per kg on increased support from speculators.
Silver coins held steady at 67,000 for buying and 68,000 for selling of 100 pieces.
Source: PTI