New Delhi, Sept. 25 (PTI): Gold reclaimed the Rs 27,000-mark today by zooming Rs 400 to hit a one-month high of Rs 27,250 per 10 gram at the bullion market, tracking a firming trend overseas amid a pick-up in buying by jewellers to meet rising demands of the wedding season.
Silver also regained the Rs 36,000-level by surging Rs 1,100 to Rs 36,500 per kg on increased offtake by industrial units and coin makers.
In Calcutta, standard gold (24 carat) rose Rs 335 to Rs 27,200 per 10 gram, while hallmark gold used in jewellery surged Rs 320 to Rs 26,190.
Bullion traders said besides a firming global trend where gold soared to a one-month high, continued buying by jewellers and retailers to meet wedding season demand largely influenced the prices of precious metals.
Globally, gold climbed 2.11 per cent to $1,154.10 an ounce, its highest level since August 24, and silver 2.43 per cent to $15.15 an ounce in New York in yesterday's trade.
Fresh weakness in the rupee against the dollar, making imports costlier, too supported the upside.
However, Federal Reserve chairperson Janet Yellen's comments on policy tightening later this year dealt a blow to global gold prices later in the day, which dropped 1 per cent to $1,142.75 an ounce. The first decline in three days pared the metal's second straight weekly increase.
Prices reached a five-year low in July. Silver declined 0.5 per cent to $15.06 an ounce.