Gold prices surged further at the bullion market on Tuesday due to consistent demand from stockists and jewellery makers amid strong retail off-take on the face of a traditionally buying season ahead.

On the other hand, silver fell back owing to subdued industrial demand.

Standard gold of 99.5 per cent purity spurted by Rs 200 to conclude at Rs 31,330 per 10 grams from overnight closing level of Rs 31,130.

Pure gold of 99.9 per cent purity spiked by Rs 190 to finish at Rs 31,470 per 10 grams as against Rs 31,280.

Silver ready (.999 fineness), however declined by Rs 120 to end at Rs 49,630 per kg from Monday's closing level of Rs 49,750.

Globally, the shiny metal were trading almost flat amid investors cautious ahead of US non-farm payrolls data later in the day.

Spot gold was bid lower at $1,313.15 an ounce in early European trade.


Keywords: Gold prices, bullion market,jewellery makers, industrial demand, grams,Silver, shiny metal,amid investors , payrolls data,gold ,Business news,European trade