Gold Rises Rs 200 to Rs 98,650/10 g; Silver Rallies Rs 2,040 per kg

Gold prices rose Rs 200 to Rs 98,650 per 10 grams in the national capital on Thursday due to a pick-up in local demand by jewelers and stockists, according to the All India Sarafa Association.

- TDG NETWORK

Gold of 99.5 per cent purity increased by Rs 200 to Rs 98,200 per 10 grams (inclusive of all taxes) on Thursday.

In contrast, silver prices in the local markets breached the crucial Rs 1 lakh per kg level by rallying Rs 2,040 to Rs 1,01,200 per kg (inclusive of all taxes) on Thursday.

Firm global trends and escalating tensions in the Middle East also supported the local prices, the association.