Gold prices surged at the domestic bullion market in Mumbai on Saturday on
sustained buying by stockists and investors amid record global cues. Silver also recovered smartly on fresh speculative as well as industrial demand.
Expert tip: Invest in gold via SIPs Standard gold (99.5 purity) spurted by Rs 115 per 10 grams to close at Rs 23,300 from Friday's closing level of Rs 23,185. Pure gold (99.9 purity) rose by Rs 120 per 10 grams to finish at Rs 23,415 from Rs 23,295 on Friday.
Silver ready (.999 fineness) rallied by Rs 320 per kg to conclude at Rs 59,035 as against Rs 58,715 previously.
Expert opnion: Should you buy gold or silver In New York, gold ended at record highs on the back of weak US GDP figures amid vote postponement over American debt plan.
Gold for December delivery added $15 to settle at $1,631.20 an ounce on the Comex division of the NYMEX.
September silver added 31 cents to trade at $40.11 an ounce.
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