New Delhi, May 21 (PTI) Gold extended gains by adding Rs 300 to Rs 22,670 per 10 grams today on sustained buying by retailers to meet the ongoing marriage season demand amid a firming global trend. However, silver shed Rs 900 to Rs 53,300 per kg on reduced offtake at existing high levels.
Trading sentiments in gold bolstered as the metal in overseas markets surged on speculations that the Federal Reserve will not tighten the monetary policy, spurring the demand for the metal.
Gold in global markets, which normally sets a price trend on the domestic front, rose by USD 5.80 to USD 1,500.60 an ounce.
The white metal snapped its three-day rising streak and turned weak on reduced offtake by stockists at existing higher levels amid a down-trend in overseas markets.
On the domestic front, gold of 99.9 and 99.