Elsewhere, silver also zoomed to reclaim the key Rs 40,000 mark heavy speculative offtake coupled with rising industrial demand.
Standard gold (99.5 purity) rose by Rs 105 to finish at Rs 29,290 per 10 grams from Monday’s closing value of Rs 29,185.
Pure gold (99.9 purity) also climbed by a similar margin to end at Rs 29,440 per 10 grams as compared to Rs 29,335 earlier.
Silver (.999 fineness) zoomed by a whopping Rs 1,615 per kg to conclude at Rs 40,290 as against Rs 38,675 on Monday.
(The rate was not seen since May 19, 2015).
Globally, the price of gold eased as a firmer dollar halted the previous day’s rally while silver held near an 11-month peak, boosted by technical momentum and perceptions it is undervalued versus gold.
The spot gold price was down 0.1 percent at USD 1,248.53 an ounce in early European trade, off a one-week high of USD 1,258.00 touched overnight.
Silver bucked the trend to rise 0.1 percent to USD 16.95 an ounce, having earlier hit its highest since May at USD 17.23. The metal posted its biggest weekly gain in nearly a year last week and rose by another 4.4 percent on Tuesday.
PTI