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Gold sparkles on Diwali demand, tops Rs 31,000

Gold prices spurted by Rs 290 to 3-week high of Rs 31,000 per 10 grams on the eve of Diwali at the bullion market on Wednesday on increased buying by local jewellers to meet festive Demand. A weak trend overseas however capped the gains. Silver held steady at Rs 41,000 per kg in limited deals from industrial units and coin makers. Bullion traders said increased buying by local jewellers, driven by Diwali festival demand in domestic spot markets, mainly led to rise in Gold prices. Globally, gold fell by 0.12 per cent to USD 1,283.20 an ounce and silver by 0.06 per cent to $16.98 an

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Gold sparkles on Diwali demand, tops Rs 31,000

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