The jewelers and stockiest of gold have predicted their holdings capable of sustaining the demand of the upcoming festive season with the global trend becoming firm and have added 30 to the current value of ten grams of gold at 18900 while the metal has consistently seen price hike in the present sixth successive term in domestic capital.

Even the international scenario is similar and gold is showing poor signs of recovery there as well. The investors are shifting their focus to safer and steadier options.

Gold price has been in its highest currently at USD 1,227.65 on ounce ever since the 1st of July. The approaching festive mood has accelerated this hike as jewelers stick to more of heavy purchase of gold.

The market has also experienced rise in price of silver by 285 thus making the price at 29,750 a kg. While this is the scenario amongst industrialists and coin-manufacturers, the weekly-based delivery has witnessed a gain by 275 fixing the price at 29,435. There has also been rise in price of silver coins at 34,700 and 34,800 for purposes of buying and selling respectively.