Mumbai, February 22: Gold prices edged higher at the bullion market here today due to sustained demand from local buyers and jewellers amid positive European cues.
Silver also firmed up on higher off-take from industrial users.
Sustained local buying interest along with jewellery demand due to marriage season mainly helped the gold prices to stay firm, traders said.
Standard gold (99.5 purity) moved up by Rs 10 per ten grams to end at Rs 16,840 from last weekend’s closing level of Rs 16,830.
Pure gold (99.9 purity) gained by a similar margin to close at Rs 16,925 per ten grams as against Rs 16,915 previously.
Silver ready (.999 fineness) rose by Rs 80 per kilo to finish at Rs 26,205 from Rs 26,125.
In Europe, gold hit a one-month high as the dollar weakened against basket currencies.
Spot gold was quoted at USD 1,121.
–Agencies