Silver, gold maintain upward rally

Both the precious metals, silver and gold maintained an upward rally for the third straight day on the bullion market on Wednesday on increased buying by stockists for the ongoing marriage season amid a firming global trend. While silver spurted by Rs 2,050 to Rs 60,500 per kg on rising industrial units and coin makers demand, gold added Rs 120 to Rs 29,060 per ten grams. Trading sentiment bolstered as the gold in New York climbed to three-month high as a weaker dollar spurred demand for the metal. Gold in global markets, which normally set price trend on the domestic front, shot up by 15.80 dollar to 1783.90 dollar.