According to recent reports, prices of the yellow metal continued its rising trend for ten consecutive day hitting about Rs 19,000 per ten-gram (10 gram) level.

The gold remained up on the back of hefty demand by stockists as well as jewelry makers for the upcoming festival season.

The pricey metal gained Rs 5 to Rs 18,990 per 10-gram owing to continued buying action from the traders in India as well as foreign market.

In contrast, silver was weak as it declined by another Rs 400 to Rs 29,200 per kg because of meager demand from industrial sections.

Gold of 99.9% and 99.5% purity traded slightly up by Rs 5 each to Rs 18,990 and Rs 18,890 per 10gm respectively.

Sovereigns stayed flat at Rs 14,800 per piece of 8 grams.

Silver ready saw heavy selling activity because of weakening progress across worldwide markets and dipped further by Rs 400 to Rs 29,200 per kg and weekly-based delivery by Rs 285 to Rs 28,900 per kg.

Silver coins continued to trade on earlier level of Rs 34,500 for purchasing and Rs 34,600 for selling of 100 pieces.