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Gold surges to Rs 28,800

NEW DELHI: Gold prices soared further by Rs 215 to Rs 28,800 per 10 grams at the bullion market today on a firming trend overseas amid increased buying by jewellers to meet the ongoing wedding season demand.

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New Delhi, February 11

Gold prices soared further by Rs 215 to Rs 28,800 per 10 grams at the bullion market today on a firming trend overseas amid increased buying by jewellers to meet the ongoing wedding season demand.

At 18-month high, it is the longest winning streak for the yellow metal this year.

Bullion traders said a firming global trend where gold jumped to the highest level in eight months after Federal Reserve Chair Janet Yellen signalled that the US central bank may delay further interest-rate increase should the turmoil in global markets continue, boosted the sentiment here. — PTI

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