With approaching festive, wedding season, Gold hits over 6 year high of Rs 32,625 per 10 gram

New Delhi, Oct 25 (KNN) With Diwali just 2 weeks away, the yellow metal prices are trading at over six-year high of Rs 32,625 per 10 gram.

Today, the gold prices rose by another Rs 125 and reached Rs 32,625 per 10 gram.

At this time of the year, gold jewellery is much in demand due to festive and wedding season and demand by local jewellers amid firm global trends and weakening rupee.

Silver, however, remained weak and fell by Rs 130 to Rs 39,600 per kg.

Globally, gold was trading at USD 1,234.20 an ounce in Singapore on Thursday.

In the national capital gold of 99.99 and 99.5 per cent purity rallied by Rs 125 each to Rs 32,625 and Rs 32,475 per 10 gram, respectively. This is the highest level since November 29, 2012 when the precious metal had closed at Rs 32,940 per ten gram.

On the other hand, silver ready extended its weakness by prices falling by another Rs 130 to Rs 39,600 per kg. Silver coins, however, remained unaltered at Rs 76,000 for buying and Rs 77,000 for selling of 100 pieces.