NEW DELHI, June 21 -- CONTINUING its rising streak for the fourth straight day, gold prices Friday surged Rs 280 to Rs 34,300 per 10 gram in the bullion market here on firm global trend and increased buying from jewellers, according to All India Sarafa Association.
Silver too followed suit and advanced by Rs 40 to Rs 39,100 per kg on more offtake by industrial units and coin makers.
The precious metal strengthened on the back of buying by local jewellers and strong trend overseas after gold surpassed $1,400 mark per ounce, analysts said.
"The international spot gold prices rallied above $1,400 in the early trade as geopolitical tensions in Iran added risk premium in prices. The fall in dollar index and decline in US bond yields supported...