Gold prices jump Rs 230 on positive global cues

Gold prices on Tuesday rose Rs 230 to Rs 34,680 per 10 gram at the bullion market in the national capital on firm trend overseas, according to the All India Sarafa Association.

Besides, silver rose by Rs 100 to Rs 41,350 per kg, supported by increased offtake by industrial units.

Traders said firm trend overseas influenced the sentiment in the domestic market leading to advancement in the prices of the yellow metal.

However, subdued demand from local jewellers capped the gain in the gold prices, they added.

Globally, gold was trading higher at USD 1,323.30 an ounce, while silver was up at USD 15.75 an ounce.