Gold climbs to Rs 29,450 on global cues, silver tops Rs 39,000

New Delhi, Jul 27: Gold prices surged by R 230 to trade at six-week high of s 29,450 per ten grams at the bullion market on Thursday, taking positive leads from global markets amid increased buying by local jewellers.
Silver reclaimed the s 39,000-mark by surging s 535 to s 39,375 per kg on increased offtake by industrial units and coin makers.
Traders attributed the rise in gold prices to a firm trend overseas where gold rallied to six-week high on rising demand for the yellow metal as the dollar dropped to a 13- month low after the US Federal Reserve indicated that it would keep to a slow path of monetary tightening. (PTI)