Gold price today: Yellow metal up for 6th straight day; Check rates in Delhi

Gold prices advanced for sixth straight day on Friday, gaining Rs 100 to a two-week high of Rs 32,400 per 10 grams. The gains came thanks to a persistent buying by local jewellers amid a firm trend overseas. Silver, meanwhile, regained the Rs 41,000-mark by surging Rs 330 to Rs 41,100 per kg backed by increased offtake by industrial units and coin makers.

Continued buying by local jewellers in the ongoing wedding season and a firm trend overseas mainly kept the precious metal's prices elevated, said PTI, quoting traders.

In the global market, the yellow metal rose 0.01 per cent to $1,321.30 an ounce as dollar eased against a basket of currencies after weaker-than-expected US inflation data. Silver also moved up by 0.03 per cent to USD 16.69 an ounce in Singapore.

In New Delhi, gold of 99.9 per cent and 99.5 per cent purity advanced by Rs 100 each to Rs 32,400 and Rs 32,250 per 10 grams, respectively, a level last seen on April 25. 

The yellow metal had climbed Rs 320 in the previous five sessions.

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Sovereign gold, however, held steady at Rs 24,800 per piece of eight grams.

Following the trend in gold prices, silver ready shot up by Rs 330 to Rs 41,100 per kg and weekly-based delivery rose by a similar margin to Rs 40,400 per kg.

Silver coins, however, traded flat at Rs 75,000 for buying and Rs 76,000 for selling of 100 pieces.