Dealers said stockists and local jewellers expected the precious metals to open sharply higher in the international front when markets open on Monday after a long weekend.
"It is a wise decision to buy the precious metals at the current rate as prices in the global market would resume sharply higher when they reopen on Monday after a three-day holiday, a local dealer said.
Most international markets were closed on Friday on account of Good Friday.
Standard gold (99.5 fineness) opened at a new high of Rs 8,855 and after moving in a narrow range, closed at the same level, showing a good gain of Rs 30 over the previous close of Rs 8,830.
Pure gold (99.9 purity), after a firm start at Rs 8,900, rose further on persistent demand and closed at a new high of Rs 8,905, revealing a similar gain over yesterday's close of Rs 8,875.
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