Gold prices rose by ₹60 to ₹32,060 per 10 gram at the bullion market on Tuesday, tracking a firm trend overseas amid fresh buying by local jewellers.

Silver, however, fell by ₹85 to ₹38,315 per kg due to reduced offtake by industrial units and coin makers.

Traders said a firm trend overseas as a slide in the dollar and equities raised precious metal’s appeal as a safe haven investment, mainly pushed up gold prices.

Besides, fresh buying by local jewellers at domestic spot market supported the upside, they added.

Globally, gold traded 0.16% higher at $1,248.20 an ounce in New York. Silver too was up 0.20% to $14.77 an ounce.

In the national capital , gold of 99.9% 99.5% purities traded higher by ₹60 each at ₹32,060 and ₹31,910 per 10 gram, respectively. It shed ₹220 in the previous two days.

Sovereign, however, continued to be traded at previous level of ₹25,000 per piece of eight gram.

On the other hand, silver ready fell by ₹85 to ₹38,315 per kg and weekly-based delivery by ₹49 to ₹37,881 per kg.

Silver coins, however, remained unaltered at ₹74,000 for buying and ₹75,000 for selling of 100 pieces.