Gold extends gains for 2nd day on sustained buying,global cues

New Delhi-India (Jan 25) Gold prices gained further by Rs 130 to Rs 30,500 per 10 grams in the national capital today on sustained buying by stockists in line with firm global trend.

However, silver held steady at Rs 45,000 per kg on lack of buying support from industrial units and coin makers.
Traders said sustained buying by stockists in line with a firming global trend as declines in global equities spurred demand for the metal as an alternative investment, mainly boosting the sentiment